Bristlecone Advisors LLC Purchases 6,834 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bristlecone Advisors LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 31,500 shares of the transportation company’s stock after purchasing an additional 6,834 shares during the period. Bristlecone Advisors LLC’s holdings in United Parcel Service were worth $3,972,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. True Wealth Design LLC increased its position in shares of United Parcel Service by 397.7% during 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 in the last quarter. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in shares of United Parcel Service by 720.0% in the third 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. PSI Advisors LLC boosted its position in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in United Parcel Service during the third quarter worth $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.2 %

Shares of UPS opened at $113.20 on Monday. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The stock has a market cap of $96.60 billion, a PE ratio of 16.75, a P/E/G ratio of 1.50 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $125.95 and its 200-day moving average price is $129.25.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the firm posted $2.47 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.99 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.80%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Bank of America reduced their price objective on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $160.00 to $130.00 in a report on Friday, January 31st. Finally, Susquehanna dropped their price target on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.73.

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.