First County Bank CT Sells 1,269 Shares of United Parcel Service, Inc. (NYSE:UPS)

First County Bank CT cut its position in United Parcel Service, Inc. (NYSE:UPS) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,897 shares of the transportation company’s stock after selling 1,269 shares during the period. First County Bank CT’s holdings in United Parcel Service were worth $491,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares in the last quarter. PSI Advisors LLC grew its holdings in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service in the third quarter valued at $36,000. Finally, Capital Performance Advisors LLP bought a new position in shares of United Parcel Service in the third quarter valued at about $54,000. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price target for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.30.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’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 transaction of $1,015,025.25. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.6 %

NYSE:UPS traded up $0.73 on Tuesday, reaching $124.94. The company’s stock had a trading volume of 2,322,180 shares, compared to its average volume of 3,454,447. The firm has a market cap of $106.62 billion, a PE ratio of 18.87, a PEG ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50-day moving average price is $130.23 and its two-hundred day moving average price is $131.48. United Parcel Service, Inc. has a 1-year low of $122.01 and a 1-year high of $161.48.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the business earned $1.57 EPS. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued 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 5.22%. United Parcel Service’s payout ratio is presently 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.