Crews Bank & Trust Purchases New Shares in United Parcel Service, Inc. (NYSE:UPS)

Crews Bank & Trust bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,263 shares of the transportation company’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cigna Investments Inc. New raised its position in United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after buying an additional 75 shares during the last quarter. Banco Santander S.A. raised its holdings in shares of United Parcel Service by 0.6% during the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after purchasing an additional 79 shares during the last quarter. Gleason Group Inc. lifted its position in United Parcel Service by 1.2% during the third 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 during the period. Tradewinds LLC. boosted its holdings in United Parcel Service by 1.8% in the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 81 shares during the last quarter. Finally, OLD Second National Bank of Aurora grew its position in United Parcel Service by 1.2% during the 3rd quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock worth $979,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’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 transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

NYSE:UPS opened at $114.19 on Friday. United Parcel Service, Inc. has a twelve month low of $109.62 and a twelve month high of $158.95. The company has a market cap of $97.45 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.88 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $128.72 and its 200-day moving average price is $130.61.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the previous year, the company posted $2.47 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.5 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.71%. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday. UBS Group lowered their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $141.95.

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.