Spinnaker Trust Acquires 2,650 Shares of United Parcel Service, Inc. (NYSE:UPS)

Spinnaker Trust increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,479 shares of the transportation company’s stock after acquiring an additional 2,650 shares during the period. Spinnaker Trust’s holdings in United Parcel Service were worth $7,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPS. Harbor Capital Advisors Inc. grew its position in shares of United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after acquiring an additional 64 shares during the period. First Financial Corp IN grew its holdings in United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares during the period. Gleason Group Inc. grew its holdings in United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the period. Advisors Capital Management LLC increased its position in shares of United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after buying an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC raised its stake in shares of United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UPS shares. Raymond James cut their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. TD Cowen cut their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. Morgan Stanley lifted their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Finally, Stifel Nicolaus reduced their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $166.96.

United Parcel Service Trading Up 0.1 %

Shares of United Parcel Service stock traded up $0.14 during mid-day trading on Friday, hitting $147.53. The stock had a trading volume of 2,607,301 shares, compared to its average volume of 4,330,030. The firm has a market cap of $125.79 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average of $149.56 and a two-hundred day moving average of $150.96. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $192.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 8.21 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insiders Place Their Bets

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.

About United Parcel Service

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.