Community Bank & Trust Waco Texas Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

Community Bank & Trust Waco Texas boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,663 shares of the transportation company’s stock after buying an additional 564 shares during the period. Community Bank & Trust Waco Texas’ holdings in United Parcel Service were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. International Assets Investment Management LLC raised its position in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP grew its position in shares of United Parcel Service by 31.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after acquiring an additional 2,331,875 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after purchasing an additional 628,944 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of United Parcel Service by 36.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock worth $315,832,000 after buying an additional 541,163 shares during the period. Finally, American Century Companies Inc. increased its holdings in United Parcel Service by 28.0% in the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock worth $379,245,000 after acquiring an additional 532,934 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of several research reports. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. Morgan Stanley upped their target price on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. TD Cowen decreased their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Evercore ISI reissued an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a research note on Wednesday, March 27th. Finally, Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $166.39.

Insider Transactions at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

UPS traded down $4.51 on Wednesday, hitting $144.36. 1,968,338 shares of the company were exchanged, compared to its average volume of 4,317,511. The business’s fifty day moving average is $149.52 and its 200 day moving average is $151.06. The firm has a market capitalization of $123.09 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week 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 for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. United Parcel Service’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.52%. United Parcel Service’s payout ratio is 83.70%.

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.