Bigelow Investment Advisors LLC Sells 479 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bigelow Investment Advisors LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,387 shares of the transportation company’s stock after selling 479 shares during the period. Bigelow Investment Advisors LLC’s holdings in United Parcel Service were worth $932,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. AMF Tjanstepension AB grew its holdings in United Parcel Service by 39.7% during the third quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock valued at $14,793,000 after purchasing an additional 30,815 shares during the period. Vest Financial LLC bought a new position in United Parcel Service during the third quarter valued at $527,000. Allspring Global Investments Holdings LLC grew its holdings in United Parcel Service by 40.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 103,515 shares of the transportation company’s stock valued at $14,113,000 after purchasing an additional 29,657 shares during the period. Integrity Financial Corp WA grew its holdings in United Parcel Service by 8.8% during the third quarter. Integrity Financial Corp WA now owns 1,854 shares of the transportation company’s stock valued at $253,000 after purchasing an additional 150 shares during the period. Finally, Foundations Investment Advisors LLC grew its holdings in United Parcel Service by 11.6% during the third quarter. Foundations Investment Advisors LLC now owns 15,857 shares of the transportation company’s stock valued at $2,162,000 after purchasing an additional 1,648 shares during the period. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service 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 transaction of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on UPS shares. Loop Capital reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Morgan Stanley cut their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Wolfe Research raised 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. The Goldman Sachs Group cut their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Oppenheimer raised their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Stock Down 0.7 %

NYSE UPS opened at $115.45 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market capitalization of $98.52 billion, a PE ratio of 17.08, a PEG ratio of 1.54 and a beta of 0.98. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The business’s 50-day moving average is $123.99 and its 200 day moving average is $128.58.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $2.47 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.68%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s payout ratio is presently 96.45%.

United Parcel Service Company 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.