RNC Capital Management LLC Buys 30,196 Shares of United Parcel Service, Inc. (NYSE:UPS)

RNC Capital Management LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.5% during the fourth quarter, Holdings Channel reports. The firm owned 318,713 shares of the transportation company’s stock after purchasing an additional 30,196 shares during the quarter. United Parcel Service comprises about 3.0% of RNC Capital Management LLC’s holdings, making the stock its 11th biggest position. RNC Capital Management LLC’s holdings in United Parcel Service were worth $50,111,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MWA Asset Management bought a new position in United Parcel Service during the third quarter valued at approximately $2,125,000. Chesapeake Wealth Management raised its position in United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after acquiring an additional 103 shares during the period. Ergoteles LLC bought a new position in United Parcel Service in the second quarter worth approximately $8,571,000. Telos Capital Management Inc. raised its position in United Parcel Service by 1.0% in the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after acquiring an additional 740 shares during the period. Finally, State Street Corp raised its position in United Parcel Service by 1.3% in the second quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock worth $5,082,594,000 after acquiring an additional 357,974 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UPS shares. Barclays decreased their price target on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. BMO Capital Markets increased their price target on shares of United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research report on Wednesday. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. TD Cowen decreased their price objective on shares of United Parcel Service from $175.00 to $147.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Finally, Raymond James decreased their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $166.81.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $147.33 on Thursday. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The stock has a market capitalization of $125.62 billion, a P/E ratio of 18.91, a PEG ratio of 1.64 and a beta of 1.05. The firm has a fifty day simple moving average of $150.79 and a two-hundred day simple moving average of $152.28. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. During the same period last year, the company posted $3.62 EPS. The business’s revenue was down 7.8% on a year-over-year basis. On average, analysts expect that United Parcel Service, Inc. will post 8.29 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 83.70%.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

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.