Court Place Advisors LLC Has $1.76 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Court Place Advisors LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,167 shares of the transportation company’s stock after selling 489 shares during the period. Court Place Advisors LLC’s holdings in United Parcel Service were worth $1,756,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. MWA Asset Management bought a new stake in shares of United Parcel Service during the 3rd quarter worth approximately $2,125,000. Chesapeake Wealth Management boosted its holdings in shares of United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after purchasing an additional 44,721 shares in the last quarter. Telos Capital Management Inc. increased its stake in shares of United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after purchasing an additional 740 shares during the last quarter. Finally, ING Groep NV raised its holdings in shares of United Parcel Service by 289.9% during the 3rd quarter. ING Groep NV now owns 60,201 shares of the transportation company’s stock worth $9,384,000 after buying an additional 44,760 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UPS shares. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Wednesday, April 3rd. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $170.00 in a report on Friday, February 16th. Evercore ISI reiterated an “in-line” rating and set a $154.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $165.61.

United Parcel Service Trading Down 0.4 %

Shares of NYSE:UPS traded down $0.64 during trading on Wednesday, reaching $142.25. The stock had a trading volume of 4,120,924 shares, compared to its average volume of 4,321,429. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s fifty day moving average is $149.75 and its 200 day moving average is $151.40. The stock has a market cap of $121.29 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. During the same quarter in the previous year, the business earned $3.62 earnings per share. United Parcel Service’s revenue for the quarter was down 7.8% on a year-over-year basis. As a group, equities analysts forecast that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is presently 83.70%.

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.