Pathway Financial Advisers LLC Has $2.14 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Pathway Financial Advisers LLC cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,992 shares of the transportation company’s stock after selling 134 shares during the period. Pathway Financial Advisers LLC’s holdings in United Parcel Service were worth $2,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB boosted its stake in shares of United Parcel Service by 39.7% during the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock worth $14,793,000 after acquiring an additional 30,815 shares during the period. Exchange Traded Concepts LLC lifted its holdings in United Parcel Service by 2,441.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 8,641 shares of the transportation company’s stock valued at $1,178,000 after purchasing an additional 8,301 shares during the last quarter. Creative Planning boosted its position in United Parcel Service by 3.5% during the third quarter. Creative Planning now owns 245,539 shares of the transportation company’s stock worth $33,412,000 after purchasing an additional 8,320 shares during the period. NBC Securities Inc. increased its holdings in shares of United Parcel Service by 1.9% in the third quarter. NBC Securities Inc. now owns 9,850 shares of the transportation company’s stock valued at $1,342,000 after purchasing an additional 179 shares during the last quarter. Finally, Swedbank AB raised its position in shares of United Parcel Service by 2.8% in the third quarter. Swedbank AB now owns 280,509 shares of the transportation company’s stock valued at $38,245,000 after purchasing an additional 7,675 shares during the period. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred 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. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on UPS shares. Evercore ISI lifted their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Oppenheimer boosted their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Susquehanna decreased their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Bank of America decreased their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, 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 $114.25 on Thursday. The stock has a market cap of $97.50 billion, a PE ratio of 16.90, a P/E/G ratio of 1.50 and a beta of 0.98. 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 business’s 50-day moving average price is $124.96 and its two-hundred day moving average price is $128.96. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (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 firm posted $2.47 earnings per share. As a group, analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm 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 dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.74%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s payout ratio is presently 96.45%.

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.