United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 49.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,005 shares of the transportation company’s stock after buying an additional 6,603 shares during the period. Capital Investment Advisory Services LLC’s holdings in United Parcel Service were worth $2,523,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. OLD National Bancorp IN increased its stake in United Parcel Service by 4.6% during the fourth quarter. OLD National Bancorp IN now owns 7,475 shares of the transportation company’s stock worth $943,000 after acquiring an additional 331 shares during the last quarter. Swedbank AB increased its position in United Parcel Service by 6.3% during the 4th quarter. Swedbank AB now owns 298,088 shares of the transportation company’s stock worth $37,589,000 after purchasing an additional 17,579 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in United Parcel Service by 3.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 64,950 shares of the transportation company’s stock valued at $8,190,000 after buying an additional 1,997 shares during the period. R Squared Ltd acquired a new position in United Parcel Service during the fourth quarter valued at approximately $226,000. Finally, Accordant Advisory Group Inc grew its stake in United Parcel Service by 7.0% during the fourth quarter. Accordant Advisory Group Inc now owns 14,463 shares of the transportation company’s stock worth $1,824,000 after buying an additional 942 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 1.2 %

Shares of United Parcel Service stock opened at $133.81 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $129.01 and a 200 day moving average price of $130.70. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $158.95. The firm has a market cap of $114.19 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.86 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.87%. United Parcel Service’s payout ratio is currently 98.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on UPS shares. Evercore ISI lifted their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Stifel Nicolaus reduced their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Oppenheimer boosted their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Activity

In related 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 stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.