Curbstone Financial Management Corp Purchases Shares of 9,672 United Parcel Service, Inc. (NYSE:UPS)

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

Other large investors also recently modified their holdings of the company. True Wealth Design LLC lifted its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. IFS Advisors LLC increased its position 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 buying an additional 151 shares during the period. Princeton Global Asset Management LLC increased its position in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the period. PSI Advisors LLC raised its position in shares of United Parcel Service by 408.2% in 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 in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of United Parcel Service during the 3rd quarter valued at $36,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UPS. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Susquehanna increased their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

United Parcel Service Trading Up 2.4 %

United Parcel Service stock opened at $136.23 on Tuesday. The stock has a market cap of $116.26 billion, a P/E ratio of 20.58, a PEG ratio of 1.86 and a beta of 1.00. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $158.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50 day moving average price is $128.95 and its 200-day moving average price is $130.76.

United Parcel Service Dividend Announcement

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

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.