Stockman Wealth Management Inc. Invests $10.93 Million in United Parcel Service, Inc. (NYSE:UPS)

Stockman Wealth Management Inc. bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, Holdings Channel reports. The institutional investor bought 86,673 shares of the transportation company’s stock, valued at approximately $10,929,000. United Parcel Service comprises 1.7% of Stockman Wealth Management Inc.’s holdings, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. State Street Corp increased its stake in shares of United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after purchasing an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC lifted its position in United Parcel Service by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after purchasing an additional 373,202 shares during the last quarter. International Assets Investment Management LLC grew its position in United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after acquiring an additional 14,539,321 shares in the last quarter. Finally, FMR LLC increased its position in shares of United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after purchasing an additional 380,229 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UPS shares. Stifel Nicolaus lowered their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Bank of America dropped their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research note on Friday, January 31st. 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. Citigroup dropped their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Evercore ISI boosted their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Performance

United Parcel Service stock opened at $113.20 on Friday. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $96.60 billion, a P/E ratio of 16.75, a PEG ratio of 1.50 and a beta of 0.98. The stock’s 50 day moving average is $125.95 and its 200 day moving average is $129.24.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the company earned $2.47 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.80%. United Parcel Service’s payout ratio is 96.45%.

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.