Godsey & Gibb Inc. Buys 3,879 Shares of United Parcel Service, Inc. (NYSE:UPS)

Godsey & Gibb Inc. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,387 shares of the transportation company's stock after buying an additional 3,879 shares during the period. Godsey & Gibb Inc.'s holdings in United Parcel Service were worth $17,955,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC boosted its position in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after purchasing an additional 171 shares during the last quarter. PSI Advisors LLC raised its stake in shares of United Parcel Service by 408.2% during the 3rd 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 period. Princeton Global Asset Management LLC boosted 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 worth $34,000 after buying an additional 216 shares during the last quarter. FSA Wealth Management LLC bought a new position in United Parcel Service during the third quarter valued at about $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in United Parcel Service during the third quarter worth about $54,000. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on UPS shares. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $155.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus increased their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a "buy" rating in a report on Friday, October 25th. Bank of America upgraded United Parcel Service from a "neutral" rating to a "buy" rating and set a $150.00 target price on the stock in a research note on Thursday. Argus raised United Parcel Service from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. Finally, Susquehanna boosted their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.10.

United Parcel Service Price Performance

NYSE UPS traded up $2.50 during trading on Thursday, reaching $129.97. The company's stock had a trading volume of 5,471,288 shares, compared to its average volume of 4,606,358. The firm has a fifty day moving average of $129.09 and a 200 day moving average of $130.98. United Parcel Service, Inc. has a one year low of $121.56 and a one year high of $161.35. The stock has a market capitalization of $110.91 billion, a PE ratio of 19.63, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating 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 the consensus estimate of $22.10 billion. During the same period last year, the firm posted $1.57 earnings per share. United Parcel Service's quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Insider Buying and Selling

In other United Parcel Service 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 value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company's stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

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.