Iams Wealth Management LLC Sells 2,993 Shares of United Parcel Service, Inc. (NYSE:UPS)

Iams Wealth Management LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 38,547 shares of the transportation company’s stock after selling 2,993 shares during the period. United Parcel Service accounts for about 2.2% of Iams Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. Iams Wealth Management LLC’s holdings in United Parcel Service were worth $4,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its stake in shares of United Parcel Service by 3.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 64,950 shares of the transportation company’s stock valued at $8,190,000 after acquiring an additional 1,997 shares during the period. R Squared Ltd purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $226,000. Accordant Advisory Group Inc raised its stake in shares of United Parcel Service by 7.0% in the 4th quarter. Accordant Advisory Group Inc now owns 14,463 shares of the transportation company’s stock valued at $1,824,000 after acquiring an additional 942 shares during the period. Mayflower Financial Advisors LLC increased its stake in United Parcel Service by 6.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 5,383 shares of the transportation company’s stock worth $679,000 after buying an additional 343 shares during the period. Finally, Stonegate Investment Group LLC increased its stake in United Parcel Service by 0.5% during the 4th quarter. Stonegate Investment Group LLC now owns 438,226 shares of the transportation company’s stock worth $55,260,000 after buying an additional 2,133 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

UPS has been the topic of several recent research reports. Evercore ISI upped their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. UBS Group upped their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus cut their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

United Parcel Service Trading Up 0.7 %

Shares of United Parcel Service stock opened at $136.43 on Wednesday. The company has a fifty day simple moving average of $129.01 and a 200-day simple moving average of $130.70. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $158.95. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $116.42 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.86 and a beta of 1.00.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

United Parcel Service Company Profile

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.