William Allan Corp Acquires 811 Shares of United Parcel Service, Inc. (NYSE:UPS)

William Allan Corp boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,190 shares of the transportation company’s stock after purchasing an additional 811 shares during the period. United Parcel Service makes up 2.3% of William Allan Corp’s portfolio, making the stock its 20th largest position. William Allan Corp’s holdings in United Parcel Service were worth $3,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cigna Investments Inc. New lifted its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after buying an additional 75 shares during the last quarter. Pacific Sage Partners LLC lifted its holdings in shares of United Parcel Service by 4.8% in the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after buying an additional 77 shares in the last quarter. Banco Santander S.A. grew its position in shares of United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 79 shares in the last quarter. Gleason Group Inc. boosted its stake in United Parcel Service by 1.2% during the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after buying an additional 80 shares during the period. Finally, Tradewinds LLC. raised its holdings in shares of United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after acquiring an additional 81 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of several research analyst reports. Citigroup decreased their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Bank of America cut their price target on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a report on Wednesday, January 8th. Finally, Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.73.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’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 $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 1.4 %

United Parcel Service stock opened at $113.47 on Friday. The business has a fifty day moving average price of $126.84 and a 200-day moving average price of $129.57. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The stock has a market capitalization of $96.83 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.63 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 prior year, the firm earned $2.47 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 8.61 EPS 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 paid a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.78%. United Parcel Service’s dividend payout ratio (DPR) is 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.