Arvest Bank Trust Division Takes Position in United Parcel Service, Inc. (NYSE:UPS)

Arvest Bank Trust Division bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 15,301 shares of the transportation company's stock, valued at approximately $2,086,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Archford Capital Strategies LLC grew its stake in United Parcel Service by 1.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,102 shares of the transportation company's stock worth $835,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Financial Group LLC acquired a new position in shares of United Parcel Service during the second quarter worth about $362,000. Ellsworth Advisors LLC increased its stake in shares of United Parcel Service by 7.1% during the second quarter. Ellsworth Advisors LLC now owns 27,949 shares of the transportation company's stock worth $3,825,000 after buying an additional 1,848 shares during the period. Cordatus Wealth Management LLC acquired a new stake in United Parcel Service in the second quarter valued at approximately $1,725,000. Finally, Naples Global Advisors LLC raised its holdings in United Parcel Service by 3.8% in the second quarter. Naples Global Advisors LLC now owns 45,064 shares of the transportation company's stock valued at $6,167,000 after acquiring an additional 1,655 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS traded down $0.13 during mid-day trading on Thursday, hitting $128.99. 4,979,766 shares of the company's stock were exchanged, compared to its average volume of 4,187,877. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The business's 50 day moving average is $133.02 and its two-hundred day moving average is $132.88. The firm has a market capitalization of $110.08 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.06 and a beta of 0.98.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.57 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.05%. United Parcel Service's dividend payout ratio is currently 98.49%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business'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 transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on UPS. Susquehanna boosted their price target 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. Argus raised United Parcel Service from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. The Goldman Sachs Group cut their price target on United Parcel Service from $165.00 to $162.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. TD Cowen started coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a "hold" rating and a $144.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service has an average rating of "Moderate Buy" and a consensus target price of $151.29.

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.