InvesTrust Purchases Shares of 38,565 United Parcel Service, Inc. (NYSE:UPS)

InvesTrust acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,565 shares of the transportation company’s stock, valued at approximately $4,856,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. True Wealth Design LLC lifted its holdings in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the last quarter. PSI Advisors LLC grew its position in shares of 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 buying an additional 200 shares during the period. FSA Wealth Management LLC bought a new stake in shares of United Parcel Service during the third quarter worth approximately $36,000. Finally, Capital Performance Advisors LLP acquired a new position in United Parcel Service in the third quarter valued at approximately $54,000. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on UPS shares. Susquehanna lifted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Citigroup decreased their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays reaffirmed an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Finally, Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.10.

United Parcel Service Stock Performance

Shares of UPS traded up $1.31 during midday trading on Wednesday, reaching $126.29. The stock had a trading volume of 2,354,414 shares, compared to its average volume of 3,507,242. The firm has a market cap of $107.77 billion, a PE ratio of 19.08, a P/E/G ratio of 2.11 and a beta of 1.00. The firm has a 50 day simple moving average of $130.04 and a 200-day simple moving average of $131.40. United Parcel Service, Inc. has a one year low of $122.01 and a one year high of $161.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

United Parcel Service Company 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.