Brookmont Capital Management Has $3.43 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Brookmont Capital Management increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,167 shares of the transportation company's stock after purchasing an additional 5,691 shares during the quarter. United Parcel Service accounts for 1.8% of Brookmont Capital Management's holdings, making the stock its 19th biggest position. Brookmont Capital Management's holdings in United Parcel Service were worth $3,426,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock worth $1,994,853,000 after buying an additional 14,539,321 shares in the last quarter. Marshall Wace LLP increased its position in shares of United Parcel Service by 284.8% in the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company's stock valued at $351,681,000 after acquiring an additional 1,901,914 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of United Parcel Service by 833.4% in the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company's stock valued at $282,783,000 after acquiring an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp boosted its position in United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock valued at $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America upgraded United Parcel Service from a "neutral" rating to a "buy" rating and set a $150.00 price objective on the stock in a research note on Thursday, January 16th. Wolfe Research upgraded shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. Citigroup cut their price target on shares of United Parcel Service from $163.00 to $158.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group lowered their price objective on shares of 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. Finally, Oppenheimer lifted their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and a consensus price target of $151.10.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

NYSE:UPS traded up $3.23 during trading hours on Tuesday, reaching $132.96. 5,282,480 shares of the company were exchanged, compared to its average volume of 4,633,941. The business has a 50 day moving average of $128.92 and a 200 day moving average of $130.83. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35. 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 has a market capitalization of $113.47 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.82 and a beta of 1.00.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 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 company had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $22.10 billion. During the same quarter last year, the business earned $1.57 earnings per share. United Parcel Service's revenue was up 5.4% on a year-over-year basis. Research analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current 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 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 yield of 4.90%. United Parcel Service's dividend payout ratio (DPR) is 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.