FineMark National Bank & Trust Cuts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

FineMark National Bank & Trust decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,717,533 shares of the transportation company’s stock after selling 5,319 shares during the period. United Parcel Service makes up approximately 7.6% of FineMark National Bank & Trust’s holdings, making the stock its biggest position. FineMark National Bank & Trust’s holdings in United Parcel Service were worth $216,581,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UPS. Pacific Sage Partners LLC raised its stake in shares of United Parcel Service by 4.8% during the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares in the last quarter. Quent Capital LLC raised its position in shares of United Parcel Service by 16.7% during the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after buying an additional 80 shares in the last quarter. Gleason Group Inc. lifted its stake in shares of United Parcel Service by 1.3% in the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock worth $840,000 after acquiring an additional 84 shares during the period. Dunhill Financial LLC boosted its holdings in shares of United Parcel Service by 4.9% in the third quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company’s stock valued at $250,000 after acquiring an additional 86 shares in the last quarter. Finally, Weaver Consulting Group raised its holdings in United Parcel Service by 3.0% during the third quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company’s stock worth $416,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on UPS. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. UBS Group cut their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Raymond James cut their target price on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Stock Performance

UPS stock opened at $115.88 on Tuesday. The firm has a 50 day simple moving average of $119.95 and a 200 day simple moving average of $126.92. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $157.99. The stock has a market cap of $98.98 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last issued its 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 net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the company posted $2.47 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is presently 97.04%.

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.