Bank of Jackson Hole Trust Buys Shares of 2,401 United Parcel Service, Inc. (NYSE:UPS)

Bank of Jackson Hole Trust bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,401 shares of the transportation company's stock, valued at approximately $303,000.

Several other large investors have also recently bought and sold shares of UPS. AMF Tjanstepension AB increased its stake in United Parcel Service by 39.7% in the third quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company's stock valued at $14,793,000 after purchasing an additional 30,815 shares in the last quarter. Vest Financial LLC bought a new stake in shares of United Parcel Service during the third quarter worth $527,000. Allspring Global Investments Holdings LLC increased its position in shares of United Parcel Service by 40.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 103,515 shares of the transportation company's stock worth $14,113,000 after acquiring an additional 29,657 shares in the last quarter. Integrity Financial Corp WA increased its position in shares of United Parcel Service by 8.8% during the third quarter. Integrity Financial Corp WA now owns 1,854 shares of the transportation company's stock worth $253,000 after acquiring an additional 150 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its position in shares of United Parcel Service by 11.6% during the third quarter. Foundations Investment Advisors LLC now owns 15,857 shares of the transportation company's stock worth $2,162,000 after acquiring an additional 1,648 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on UPS. Morgan Stanley lowered their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Robert W. Baird downgraded shares of United Parcel Service from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Argus raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Finally, Raymond James lowered their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of "Moderate Buy" and an average price target of $140.73.

United Parcel Service Stock Performance

UPS stock traded down $0.25 during trading hours on Friday, reaching $116.35. The stock had a trading volume of 6,455,199 shares, compared to its average volume of 7,796,271. The stock has a market capitalization of $99.38 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The stock has a 50-day simple moving average of $123.21 and a 200 day simple moving average of $128.33. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. 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 (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the firm earned $2.47 EPS. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.64%. United Parcel Service's dividend payout ratio is presently 97.04%.

United Parcel Service 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.