9,672 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Curbstone Financial Management Corp

Curbstone Financial Management Corp acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,672 shares of the transportation company’s stock, valued at approximately $1,220,000.

Several other institutional investors have also added to or reduced their stakes in the company. Griffin Asset Management Inc. lifted its stake in shares of United Parcel Service by 6.3% during the 4th quarter. Griffin Asset Management Inc. now owns 49,412 shares of the transportation company’s stock worth $6,231,000 after acquiring an additional 2,908 shares during the last quarter. BankPlus Wealth Management LLC purchased a new stake in United Parcel Service in the fourth quarter worth $237,000. Level Financial Advisors bought a new stake in shares of United Parcel Service during the fourth quarter worth $1,561,000. Eaton Cambridge Inc. boosted its stake in shares of United Parcel Service by 3.1% during the fourth quarter. Eaton Cambridge Inc. now owns 3,238 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 98 shares during the period. Finally, Foundations Investment Advisors LLC grew its holdings in shares of United Parcel Service by 7.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 17,066 shares of the transportation company’s stock worth $2,152,000 after purchasing an additional 1,209 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value 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 represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Up 2.4 %

NYSE:UPS opened at $136.23 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a twelve month low of $121.56 and a twelve month high of $158.95. The company has a market cap of $116.26 billion, a PE ratio of 20.58, a P/E/G ratio of 1.86 and a beta of 1.00. The company’s 50 day moving average is $128.95 and its two-hundred day moving average is $130.76.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UPS. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Citigroup lowered their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Evercore ISI lifted their target price on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Finally, Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $151.24.

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.