Perkins Coie Trust Co Decreases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Perkins Coie Trust Co decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,576 shares of the transportation company’s stock after selling 690 shares during the quarter. Perkins Coie Trust Co’s holdings in United Parcel Service were worth $2,595,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UPS. HF Advisory Group LLC purchased a new position in United Parcel Service in the fourth quarter worth approximately $1,305,000. Aaron Wealth Advisors LLC raised its holdings in shares of United Parcel Service by 23.1% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,538 shares of the transportation company’s stock valued at $320,000 after purchasing an additional 477 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its position in shares of United Parcel Service by 1.7% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 24,579 shares of the transportation company’s stock worth $3,099,000 after purchasing an additional 401 shares during the last quarter. Monarch Capital Management Inc. grew its stake in shares of United Parcel Service by 4.4% during the fourth quarter. Monarch Capital Management Inc. now owns 27,180 shares of the transportation company’s stock worth $3,427,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Nexus Investment Management ULC increased its holdings in United Parcel Service by 3.7% in the fourth quarter. Nexus Investment Management ULC now owns 210,600 shares of the transportation company’s stock valued at $26,557,000 after buying an additional 7,545 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $129.77 on Friday. The stock has a market capitalization of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $161.35. The company’s fifty day moving average is $128.95 and its two-hundred day moving average is $130.93.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders 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 dividend yield of 5.02%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UPS shares. Susquehanna lifted their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company lowered their price target on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Oppenheimer boosted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two research 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 stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average 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.