Valmark Advisers Inc. Sells 111 Shares of United Parcel Service, Inc. (NYSE:UPS)

Valmark Advisers Inc. cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,898 shares of the transportation company’s stock after selling 111 shares during the period. Valmark Advisers Inc.’s holdings in United Parcel Service were worth $770,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. grew its position in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares during the last quarter. First Financial Corp IN grew its position in United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares during the last quarter. Gleason Group Inc. grew its position in United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the last quarter. Advisors Capital Management LLC grew its position in United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 69 shares during the last quarter. Finally, Dfpg Investments LLC lifted its holdings in United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after buying an additional 69 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Eva C. Boratto acquired 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UPS has been the topic of several research reports. Raymond James reduced their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. Barclays reduced their price objective on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Morgan Stanley increased their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Stock Up 0.1 %

UPS stock traded up $0.20 during trading hours on Friday, reaching $147.59. 2,607,558 shares of the stock were exchanged, compared to its average volume of 3,897,331. The firm’s 50-day moving average is $149.56 and its 200-day moving average is $150.93. The company has a market cap of $125.84 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

United Parcel Service 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.