Trust Point Inc. Makes New $708,000 Investment in United Parcel Service, Inc. (NYSE:UPS)

Trust Point Inc. bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,506 shares of the transportation company’s stock, valued at approximately $708,000.

Several other institutional investors have also recently made changes to their positions in the business. MWA Asset Management bought a new position in United Parcel Service during the third quarter valued at approximately $2,125,000. Chesapeake Wealth Management boosted its stake in United Parcel Service by 1.3% during the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after buying an additional 103 shares during the last quarter. Ergoteles LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $8,571,000. Telos Capital Management Inc. lifted its stake in shares of United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after purchasing an additional 740 shares during the last quarter. Finally, ING Groep NV lifted its stake in shares of United Parcel Service by 289.9% in the 3rd quarter. ING Groep NV now owns 60,201 shares of the transportation company’s stock valued at $9,384,000 after purchasing an additional 44,760 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

Shares of UPS opened at $150.00 on Friday. The stock has a 50-day moving average of $149.60 and a two-hundred day moving average of $151.89. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $127.90 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.76 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.62 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 8.27 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. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.35%. United Parcel Service’s dividend payout ratio is presently 83.70%.

Wall Street Analyst Weigh In

UPS has been the subject of several analyst reports. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Raymond James decreased their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. Stifel Nicolaus decreased their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $165.87.

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.