Union Savings Bank Sells 98 Shares of United Parcel Service, Inc. (NYSE:UPS)

Union Savings Bank decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 727 shares of the transportation company’s stock after selling 98 shares during the period. Union Savings Bank’s holdings in United Parcel Service were worth $92,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ieq Capital LLC raised its position in United Parcel Service by 12.0% in the 2nd quarter. Ieq Capital LLC now owns 14,352 shares of the transportation company’s stock valued at $1,964,000 after buying an additional 1,532 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of United Parcel Service by 160.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 257,974 shares of the transportation company’s stock valued at $35,304,000 after buying an additional 158,784 shares during the last quarter. Bridges Investment Management Inc. grew its stake in shares of United Parcel Service by 113.9% in the second quarter. Bridges Investment Management Inc. now owns 3,998 shares of the transportation company’s stock valued at $547,000 after buying an additional 2,129 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of United Parcel Service by 67.1% in the second quarter. AE Wealth Management LLC now owns 28,738 shares of the transportation company’s stock valued at $3,933,000 after buying an additional 11,537 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in United Parcel Service by 14.3% during the second quarter. Pacer Advisors Inc. now owns 328,330 shares of the transportation company’s stock worth $44,932,000 after acquiring an additional 40,988 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

UPS stock opened at $129.77 on Monday. The company’s 50-day moving average price is $128.95 and its two-hundred day moving average price is $130.90. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wolfe Research raised 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. Barclays reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. The Goldman Sachs Group cut their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Citigroup dropped their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $151.10.

Insider Activity at United Parcel Service

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

About United Parcel Service

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.