First National Bank of Mount Dora Trust Investment Services Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

First National Bank of Mount Dora Trust Investment Services grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 87.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,031 shares of the transportation company's stock after purchasing an additional 27,472 shares during the period. United Parcel Service makes up approximately 1.7% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 17th biggest position. First National Bank of Mount Dora Trust Investment Services' holdings in United Parcel Service were worth $7,444,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. True Wealth Design LLC lifted its position in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after buying an additional 151 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock valued at $34,000 after acquiring an additional 216 shares during the last quarter. PSI Advisors LLC grew its position in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in United Parcel Service during the third quarter worth approximately $36,000. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UPS has been the subject of a number of recent research reports. Stifel Nicolaus lifted their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Susquehanna boosted their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Oppenheimer raised their price objective 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. UBS Group boosted their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Argus raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $151.10.

Insider Buying and Selling

In related 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 completion of the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Performance

NYSE UPS traded down $0.17 on Friday, reaching $129.77. 4,260,034 shares of the company's stock traded hands, compared to its average volume of 3,680,905. The firm has a market cap of $110.74 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The stock has a 50 day moving average price of $128.95 and a 200-day moving average price of $130.93. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $22.10 billion. During the same quarter last year, the company earned $1.57 EPS. The business's revenue was up 5.4% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is presently 98.49%.

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.