Armstrong Advisory Group Inc. Reduces Stake in United Parcel Service, Inc. $UPS

Armstrong Advisory Group Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,287 shares of the transportation company’s stock after selling 6,279 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in United Parcel Service were worth $4,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. BLVD Private Wealth LLC bought a new stake in shares of United Parcel Service in the 2nd quarter worth about $1,479,000. Strategic Planning Inc. bought a new position in United Parcel Service during the 3rd quarter valued at about $3,885,000. Cowa LLC grew its holdings in United Parcel Service by 329.2% during the 2nd quarter. Cowa LLC now owns 8,785 shares of the transportation company’s stock valued at $887,000 after purchasing an additional 6,738 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in United Parcel Service by 2.0% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 182,836 shares of the transportation company’s stock worth $18,455,000 after purchasing an additional 3,516 shares during the period. Finally, Victory Capital Management Inc. raised its position in United Parcel Service by 10.5% in the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after purchasing an additional 761,217 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.6%

Shares of NYSE UPS opened at $95.94 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The stock’s fifty day simple moving average is $109.19 and its two-hundred day simple moving average is $98.30. The stock has a market capitalization of $81.46 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.8%. The ex-dividend date was Tuesday, February 17th. United Parcel Service’s payout ratio is 100.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup dropped their target price on United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 6th. BMO Capital Markets raised their price target on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Stephens boosted their price objective on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Finally, Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $113.67.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Company 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.