Blue Trust Inc. Sells 10,500 Shares of United Parcel Service, Inc. $UPS

Blue Trust Inc. lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 66.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,285 shares of the transportation company’s stock after selling 10,500 shares during the period. Blue Trust Inc.’s holdings in United Parcel Service were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Penn Davis Mcfarland Inc. raised its stake in United Parcel Service by 66.9% during the fourth quarter. Penn Davis Mcfarland Inc. now owns 57,201 shares of the transportation company’s stock valued at $5,674,000 after buying an additional 22,929 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its stake in shares of United Parcel Service by 48.8% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 8,667 shares of the transportation company’s stock worth $860,000 after acquiring an additional 2,842 shares during the last quarter. Tema Etfs LLC grew its stake in shares of United Parcel Service by 0.8% in the fourth quarter. Tema Etfs LLC now owns 12,999 shares of the transportation company’s stock worth $1,289,000 after acquiring an additional 101 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of United Parcel Service by 1.6% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,615 shares of the transportation company’s stock valued at $855,000 after acquiring an additional 133 shares in the last quarter. Finally, Maltin Wealth Management Inc. increased its holdings in shares of United Parcel Service by 2.7% during the fourth quarter. Maltin Wealth Management Inc. now owns 15,145 shares of the transportation company’s stock valued at $1,502,000 after acquiring an additional 403 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UPS. Stephens lifted their price target on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Evercore raised their price objective on shares of United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. BNP Paribas Exane downgraded shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research note on Tuesday, January 13th. Finally, Bank of America upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $113.67.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service Trading Up 0.1%

Shares of NYSE:UPS opened at $98.30 on Friday. The stock’s 50-day simple moving average is $107.14 and its two-hundred day simple moving average is $99.19. The stock has a market capitalization of $83.46 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.54 and a beta of 1.12. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.75 EPS. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is 100.00%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.