Stonegate Investment Group LLC Buys 2,133 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stonegate Investment Group LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 438,226 shares of the transportation company’s stock after acquiring an additional 2,133 shares during the period. United Parcel Service makes up approximately 1.5% of Stonegate Investment Group LLC’s investment portfolio, making the stock its 26th largest position. Stonegate Investment Group LLC owned about 0.05% of United Parcel Service worth $55,260,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in UPS. Curbstone Financial Management Corp bought a new stake in United Parcel Service during the fourth quarter worth $1,220,000. Griffin Asset Management Inc. raised its holdings in United Parcel Service by 6.3% in the 4th quarter. Griffin Asset Management Inc. now owns 49,412 shares of the transportation company’s stock valued at $6,231,000 after buying an additional 2,908 shares during the last quarter. BankPlus Wealth Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $237,000. Level Financial Advisors bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $1,561,000. Finally, Eaton Cambridge Inc. increased its position in United Parcel Service by 3.1% during the 4th quarter. Eaton Cambridge Inc. now owns 3,238 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 98 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. UBS Group upped their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Citigroup cut their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Thursday, January 16th. Finally, Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $151.24.

Insider Activity

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

United Parcel Service Stock Up 2.4 %

UPS opened at $136.23 on Tuesday. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $158.95. 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 business’s 50-day moving average price is $128.95 and its 200-day moving average price is $130.76. The company has a market cap of $116.26 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.86 and a beta of 1.00.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.79%. United Parcel Service’s payout ratio is currently 98.49%.

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.