Atomi Financial Group Inc. Purchases 3,440 Shares of United Parcel Service, Inc. (NYSE:UPS)

Atomi Financial Group Inc. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 44.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,095 shares of the transportation company’s stock after purchasing an additional 3,440 shares during the quarter. Atomi Financial Group Inc.’s holdings in United Parcel Service were worth $1,399,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cigna Investments Inc. New increased its holdings in United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after buying an additional 75 shares in the last quarter. Banco Santander S.A. grew its position in shares of United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after acquiring an additional 79 shares during the period. Gleason Group Inc. increased its stake in shares of United Parcel Service by 1.2% in the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after purchasing an additional 80 shares in the last quarter. Tradewinds LLC. raised its holdings in United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after purchasing an additional 81 shares during the period. Finally, OLD Second National Bank of Aurora grew its holdings in United Parcel Service by 1.2% in the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock valued at $979,000 after purchasing an additional 83 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value 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. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

United Parcel Service stock opened at $132.96 on Wednesday. The firm has a 50 day simple moving average of $128.92 and a 200-day simple moving average of $130.83. The stock has a market cap of $113.47 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35.

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

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.90%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UPS shares. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

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.