Field & Main Bank Decreases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Field & Main Bank lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,360 shares of the transportation company’s stock after selling 480 shares during the period. Field & Main Bank’s holdings in United Parcel Service were worth $528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HCR Wealth Advisors purchased a new stake in United Parcel Service during the 3rd quarter worth approximately $207,000. Bill Few Associates Inc. raised its position in United Parcel Service by 7.3% during the third quarter. Bill Few Associates Inc. now owns 2,193 shares of the transportation company’s stock valued at $342,000 after acquiring an additional 150 shares in the last quarter. Ridgewood Investments LLC lifted its holdings in United Parcel Service by 1,037.9% in the third quarter. Ridgewood Investments LLC now owns 4,529 shares of the transportation company’s stock valued at $706,000 after acquiring an additional 4,131 shares during the period. FAS Wealth Partners Inc. grew its stake in shares of United Parcel Service by 5.8% during the 3rd quarter. FAS Wealth Partners Inc. now owns 8,898 shares of the transportation company’s stock worth $1,387,000 after purchasing an additional 489 shares during the period. Finally, Moreno Evelyn V acquired a new stake in United Parcel Service during the third quarter valued at $354,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Eva C. Boratto purchased 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Up 0.7 %

Shares of UPS traded up $0.97 during trading on Monday, reaching $148.56. 2,654,688 shares of the company traded hands, compared to its average volume of 4,309,604. The stock has a 50-day simple moving average of $149.56 and a 200-day simple moving average of $150.85. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The stock has a market cap of $126.67 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.20 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is 94.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Susquehanna increased their target price on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Finally, Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.23.

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.