Blue Trust Inc. Acquires 1,669 Shares of United Parcel Service, Inc. (NYSE:UPS)

Blue Trust Inc. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,430 shares of the transportation company’s stock after acquiring an additional 1,669 shares during the period. Blue Trust Inc.’s holdings in United Parcel Service were worth $1,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of UPS. Quarry LP boosted its stake in United Parcel Service by 453.6% in the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 440 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of United Parcel Service by 8.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock worth $3,312,000 after buying an additional 1,863 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of United Parcel Service by 30.3% in the second quarter. EP Wealth Advisors LLC now owns 26,943 shares of the transportation company’s stock worth $3,687,000 after buying an additional 6,265 shares during the last quarter. 3Chopt Investment Partners LLC purchased a new position in shares of United Parcel Service in the second quarter worth $363,000. Finally, Founders Financial Alliance LLC raised its holdings in shares of United Parcel Service by 2.2% in the second quarter. Founders Financial Alliance LLC now owns 5,053 shares of the transportation company’s stock worth $691,000 after buying an additional 110 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. UBS Group raised their price target 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. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.6 %

UPS stock opened at $135.46 on Wednesday. The company has a market cap of $115.59 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.86 and a beta of 1.00. The firm has a 50-day moving average of $128.97 and a two-hundred day moving average of $130.75. 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.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. United Parcel Service’s payout ratio is 98.49%.

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.