United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Field & Main Bank

Field & Main Bank lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,360 shares of the transportation company’s stock after selling 480 shares during the quarter. Field & Main Bank’s holdings in United Parcel Service were worth $528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HCR Wealth Advisors bought a new position in United Parcel Service during the third quarter valued at about $207,000. Bill Few Associates Inc. boosted its position in shares of United Parcel Service by 7.3% during the 3rd quarter. Bill Few Associates Inc. now owns 2,193 shares of the transportation company’s stock valued at $342,000 after purchasing an additional 150 shares in the last quarter. Ridgewood Investments LLC grew its stake in shares of United Parcel Service by 1,037.9% in the 3rd quarter. Ridgewood Investments LLC now owns 4,529 shares of the transportation company’s stock worth $706,000 after purchasing an additional 4,131 shares during the last quarter. FAS Wealth Partners Inc. raised its holdings in shares of United Parcel Service by 5.8% in the 3rd quarter. FAS Wealth Partners Inc. now owns 8,898 shares of the transportation company’s stock worth $1,387,000 after purchasing an additional 489 shares in the last quarter. Finally, Moreno Evelyn V acquired a new stake in United Parcel Service during the third quarter valued at approximately $354,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on UPS. BMO Capital Markets upped their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft reduced their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Finally, UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $165.23.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

NYSE UPS traded up $0.97 during trading on Monday, hitting $148.56. The company’s stock had a trading volume of 2,654,688 shares, compared to its average volume of 4,309,604. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The firm has a market cap of $126.67 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The firm has a 50 day moving average price of $149.56 and a 200 day moving average price of $150.85. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

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

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.39%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is currently 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.