United Parcel Service, Inc. $UPS Shares Sold by Callan Family Office LLC

Callan Family Office LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 41.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,113 shares of the transportation company’s stock after selling 5,668 shares during the period. Callan Family Office LLC’s holdings in United Parcel Service were worth $678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evelyn Partners Investment Management Europe Ltd increased its position in shares of United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in United Parcel Service in the 2nd quarter valued at $26,000. Salzhauer Michael purchased a new stake in United Parcel Service in the 3rd quarter worth $31,000. FNY Investment Advisers LLC acquired a new position in United Parcel Service during the second quarter worth $34,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in United Parcel Service during the second quarter valued at $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BNP Paribas Exane cut shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a research note on Tuesday, January 13th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft raised their target price on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Finally, BMO Capital Markets increased their price objective on United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $113.67.

United Parcel Service Stock Up 0.7%

Shares of UPS opened at $117.36 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $123.70. The stock has a fifty day simple moving average of $103.72 and a two-hundred day simple moving average of $94.13. The company has a market capitalization of $99.57 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the business earned $2.75 earnings per share. United Parcel Service’s revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a $1.64 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 5.6%. United Parcel Service’s dividend payout ratio is currently 100.00%.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.