Bigelow Investment Advisors LLC Has $1.25 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Bigelow Investment Advisors LLC reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,950 shares of the transportation company’s stock after selling 108 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in United Parcel Service were worth $1,250,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. RB Capital Management LLC raised its position in shares of United Parcel Service by 3.1% during the first quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock worth $577,000 after purchasing an additional 81 shares during the period. Ergoteles LLC bought a new stake in United Parcel Service during the first quarter worth $1,162,000. Halbert Hargrove Global Advisors LLC grew its holdings in United Parcel Service by 10.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after buying an additional 112 shares in the last quarter. First Western Trust Bank bought a new stake in United Parcel Service during the first quarter worth $515,000. Finally, Stevens Capital Management LP bought a new stake in United Parcel Service during the first quarter worth $701,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.0 %

NYSE:UPS traded up $0.03 during trading hours on Friday, reaching $142.77. 5,066,680 shares of the company traded hands, compared to its average volume of 4,319,514. The business’s 50-day moving average price is $149.55 and its two-hundred day moving average price is $151.28. The stock has a market capitalization of $121.73 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.65 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.80. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.62 earnings per share. Analysts predict that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.57%. United Parcel Service’s dividend payout ratio (DPR) is presently 83.70%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UPS. JPMorgan Chase & Co. decreased 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. Oppenheimer restated an “outperform” rating and issued a $153.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. TD Cowen dropped their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, April 3rd. Finally, Daiwa Capital Markets cut United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target on the stock. in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $165.61.

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.