Bristlecone Advisors LLC Has $3.97 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

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

Other large investors have also recently bought and sold shares of the company. Burns Matteson Capital Management LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at about $328,000. Angeles Wealth Management LLC raised its holdings in shares of United Parcel Service by 65.7% during the fourth quarter. Angeles Wealth Management LLC now owns 4,613 shares of the transportation company’s stock worth $582,000 after acquiring an additional 1,829 shares during the period. Stiles Financial Services Inc lifted its position in United Parcel Service by 16.1% in the 4th quarter. Stiles Financial Services Inc now owns 11,985 shares of the transportation company’s stock valued at $1,511,000 after acquiring an additional 1,663 shares in the last quarter. HTLF Bank increased its holdings in United Parcel Service by 1.9% during the 4th quarter. HTLF Bank now owns 41,845 shares of the transportation company’s stock worth $5,277,000 after purchasing an additional 782 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $77,000. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UPS shares. Oppenheimer increased their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Evercore ISI raised their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Barclays reaffirmed an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Finally, Citigroup cut their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Performance

NYSE:UPS opened at $113.20 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a 50 day simple moving average of $125.95 and a 200 day simple moving average of $129.25. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The stock has a market cap of $96.60 billion, a P/E ratio of 16.75, a PEG ratio of 1.50 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $2.47 EPS. Research analysts anticipate that United Parcel Service, Inc. will post 7.99 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.80%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

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.