United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 15.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,934 shares of the transportation company’s stock after selling 364 shares during the period. Nicolet Bankshares Inc.’s holdings in United Parcel Service were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. Rockefeller Capital Management L.P. boosted its stake in shares of United Parcel Service by 37.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 432,420 shares of the transportation company’s stock worth $54,540,000 after buying an additional 118,881 shares during the period. Petros Family Wealth LLC purchased a new stake in United Parcel Service during the 4th quarter valued at approximately $210,000. Coign Capital Advisors LLC purchased a new stake in United Parcel Service during the 4th quarter valued at approximately $583,000. Quinn Opportunity Partners LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $252,000. Finally, Heritage Trust Co purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $2,701,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price on the stock. Barclays cut their price target on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a report on Monday, March 31st. Finally, The Goldman Sachs Group lowered their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $131.32.

United Parcel Service Stock Up 0.4 %

UPS stock opened at $96.95 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. The firm has a market capitalization of $82.81 billion, a PE ratio of 14.34, a P/E/G ratio of 1.55 and a beta of 1.10. The company’s 50 day simple moving average is $112.11 and its 200-day simple moving average is $123.97.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business earned $2.47 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.77%. United Parcel Service’s payout ratio is presently 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.