Rockland Trust Co. Has $1.54 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Rockland Trust Co. boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,219 shares of the transportation company’s stock after buying an additional 316 shares during the quarter. Rockland Trust Co.’s holdings in United Parcel Service were worth $1,541,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the period. PSI Advisors LLC increased its position in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC raised its holdings in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the 3rd quarter worth approximately $36,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of United Parcel Service in the 3rd quarter valued at $54,000. Institutional investors own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Price Performance

United Parcel Service stock opened at $125.89 on Wednesday. The stock has a market cap of $107.43 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.11 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The business has a 50-day simple moving average of $129.22 and a 200 day simple moving average of $131.01. United Parcel Service, Inc. has a 52 week low of $121.56 and a 52 week high of $161.35.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 earnings per share. On average, research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Analyst Ratings Changes

UPS has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Citigroup lowered their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Susquehanna boosted their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group lowered their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.10.

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.