Beese Fulmer Investment Management Inc. Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Beese Fulmer Investment Management Inc. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,652 shares of the transportation company’s stock after buying an additional 543 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in United Parcel Service were worth $1,091,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. IFS Advisors LLC grew its position in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares in the last quarter. True Wealth Design LLC increased its position in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the period. PSI Advisors LLC boosted its stake in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC grew its holdings in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $113.47 on Friday. The business has a fifty day moving average price of $126.84 and a 200-day moving average price of $129.57. The firm has a market capitalization of $96.83 billion, a P/E ratio of 16.79, a PEG ratio of 1.63 and a beta of 0.98. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the business posted $2.47 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 8.61 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.78%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is presently 96.45%.

Wall Street Analyst Weigh In

UPS has been the subject of several research analyst reports. Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Loop Capital cut their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.73.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company 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.