United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Community Bank N.A.

Community Bank N.A. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,822 shares of the transportation company’s stock after acquiring an additional 2,365 shares during the period. Community Bank N.A.’s holdings in United Parcel Service were worth $5,160,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. increased its holdings in United Parcel Service by 3.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,287 shares of the transportation company’s stock worth $2,404,000 after purchasing an additional 552 shares during the period. Atria Wealth Solutions Inc. increased its holdings in United Parcel Service by 1.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 37,573 shares of the transportation company’s stock worth $5,908,000 after purchasing an additional 712 shares during the period. South Dakota Investment Council increased its holdings in United Parcel Service by 21.6% during the 4th quarter. South Dakota Investment Council now owns 17,472 shares of the transportation company’s stock worth $2,747,000 after purchasing an additional 3,100 shares during the period. NewSquare Capital LLC increased its holdings in United Parcel Service by 3.0% during the 4th quarter. NewSquare Capital LLC now owns 30,336 shares of the transportation company’s stock worth $4,697,000 after purchasing an additional 885 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in United Parcel Service during the 4th quarter worth about $523,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $2.26 during trading on Wednesday, reaching $146.61. The company had a trading volume of 5,284,210 shares, compared to its average volume of 4,361,663. The firm has a market capitalization of $125.01 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s fifty day moving average price is $149.57 and its 200 day moving average price is $151.03. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. As a group, equities research analysts predict that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is presently 83.70%.

Insider Activity

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were acquired 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 owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley upped their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Raymond James cut their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. BMO Capital Markets increased their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday. Evercore ISI reiterated an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. Finally, Bank of America increased their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average price target of $166.09.

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.