Traynor Capital Management Inc. Sells 1,118 Shares of United Parcel Service, Inc. (NYSE:UPS)

Traynor Capital Management Inc. lowered its stake in United Parcel Service, Inc. (NYSE:UPSFree Report) by 30.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,496 shares of the transportation company’s stock after selling 1,118 shares during the quarter. Traynor Capital Management Inc.’s holdings in United Parcel Service were worth $315,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. IFS Advisors LLC boosted its stake in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC boosted its position in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the period. PSI Advisors LLC grew its holdings in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Princeton Global Asset Management LLC raised its position in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in United Parcel Service in the 3rd quarter valued at approximately $36,000. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Up 0.8 %

Shares of UPS stock opened at $133.61 on Friday. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The company has a market capitalization of $114.01 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The firm has a 50 day moving average price of $128.95 and a two-hundred day moving average price of $130.82. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.57 EPS. As a group, analysts predict that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.88%. United Parcel Service’s payout ratio is presently 98.49%.

Analyst Ratings Changes

A number of analysts have recently issued reports on UPS shares. Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research report on Wednesday, January 8th. Oppenheimer raised their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Thursday, January 16th. Finally, Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.24.

View Our Latest Stock Analysis on United Parcel Service

United Parcel Service Company Profile

(Free Report)

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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