Bangor Savings Bank Buys 268 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bangor Savings Bank raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,627 shares of the transportation company’s stock after purchasing an additional 268 shares during the quarter. Bangor Savings Bank’s holdings in United Parcel Service were worth $710,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Ables Iannone Moore & Associates Inc. increased its stake in United Parcel Service by 3.3% during the fourth quarter. Ables Iannone Moore & Associates Inc. now owns 12,432 shares of the transportation company’s stock valued at $1,568,000 after acquiring an additional 396 shares during the period. Neville Rodie & Shaw Inc. increased its position in shares of United Parcel Service by 58.7% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 15,867 shares of the transportation company’s stock valued at $2,001,000 after purchasing an additional 5,867 shares during the period. Nordea Investment Management AB raised its stake in shares of United Parcel Service by 30.7% in the fourth quarter. Nordea Investment Management AB now owns 2,919,945 shares of the transportation company’s stock valued at $367,300,000 after purchasing an additional 685,259 shares in the last quarter. Everence Capital Management Inc. lifted its position in United Parcel Service by 70.3% in the fourth quarter. Everence Capital Management Inc. now owns 21,350 shares of the transportation company’s stock worth $2,692,000 after purchasing an additional 8,810 shares during the period. Finally, Centre Asset Management LLC acquired a new stake in United Parcel Service during the fourth quarter worth $9,530,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Susquehanna raised their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Oppenheimer raised their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Bank of America raised their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Citigroup lowered their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $151.10.

United Parcel Service Trading Up 0.2 %

Shares of NYSE UPS opened at $124.06 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $122.01 and a fifty-two week high of $161.48. The firm has a market capitalization of $105.87 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.11 and a beta of 1.00. 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 company’s 50 day simple moving average is $130.23 and its 200 day simple moving average is $131.48.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 EPS. On average, analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.26%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

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.