Harrington Investments INC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,579 shares of the transportation company’s stock after selling 1,118 shares during the period. Harrington Investments INC’s holdings in United Parcel Service were worth $1,318,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Coston McIsaac & Partners acquired a new position in shares of United Parcel Service in the 2nd quarter valued at approximately $26,000. Worth Asset Management LLC acquired a new position in shares of United Parcel Service in the 1st quarter valued at approximately $27,000. MADDEN SECURITIES Corp acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $29,000. Winch Advisory Services LLC raised its position in shares of United Parcel Service by 334.1% in the 2nd quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 137 shares in the last quarter. Finally, First Community Trust NA raised its position in shares of United Parcel Service by 65.8% during the 4th quarter. First Community Trust NA now owns 199 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. 58.92% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Stock Performance
UPS traded down $1.13 during midday trading on Friday, reaching $186.79. The company’s stock had a trading volume of 20,535,902 shares, compared to its average volume of 2,974,106. The stock has a market cap of $160.40 billion, a P/E ratio of 14.15, a PEG ratio of 2.25 and a beta of 1.08. The company has a fifty day simple moving average of $183.09 and a 200 day simple moving average of $178.30. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.87. United Parcel Service, Inc. has a twelve month low of $154.87 and a twelve month high of $223.97.
United Parcel Service declared that its Board of Directors has initiated a stock buyback plan on Tuesday, January 31st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the transportation company to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
United Parcel Service Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Friday, February 17th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.52. United Parcel Service’s dividend payout ratio (DPR) is presently 49.09%.
Insider Transactions at United Parcel Service
In other news, insider Laura J. Lane sold 14,617 shares of United Parcel Service stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $178.16, for a total transaction of $2,604,164.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Laura J. Lane sold 14,617 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $178.16, for a total transaction of $2,604,164.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian Newman sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $182.46, for a total value of $3,466,740.00. Following the transaction, the chief financial officer now owns 11,677 shares of the company’s stock, valued at approximately $2,130,585.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,341 shares of company stock valued at $9,848,061. 0.12% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. KeyCorp upped their price target on United Parcel Service from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. Credit Suisse Group set a $206.00 price target on United Parcel Service in a research report on Wednesday, February 22nd. Susquehanna upped their price target on United Parcel Service from $165.00 to $180.00 in a research report on Wednesday, February 1st. Exane BNP Paribas lowered United Parcel Service from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 30th. Finally, JPMorgan Chase & Co. set a $181.00 target price on United Parcel Service in a research report on Tuesday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $193.54.
United Parcel Service Company Profile
United Parcel Service, Inc is a package delivery company, which engages in the provision of global supply chain management solutions. It operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain Solutions. The U.S. Domestic Package segment includes time-definite delivery of letters, documents, and packages.
- Get a free copy of the StockNews.com research report on United Parcel Service (UPS)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS – Get Rating).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.