United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. raised its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,512 shares of the transportation company's stock after acquiring an additional 13,669 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in United Parcel Service were worth $12,044,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC increased its stake 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 period. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after buying an additional 151 shares during the period. Princeton Global Asset Management LLC lifted its holdings in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock valued at $34,000 after buying an additional 216 shares in the last quarter. PSI Advisors LLC grew its stake in United Parcel Service by 408.2% in the 3rd 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 purchased a new position in shares of United Parcel Service during the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $0.17 on Friday, hitting $129.77. 4,260,034 shares of the company were exchanged, compared to its average volume of 3,680,905. The firm has a market capitalization of $110.74 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. 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 1-year low of $121.56 and a 1-year high of $161.35. The stock's 50 day moving average price is $128.95 and its 200 day moving average price is $130.93.

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

United Parcel Service Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on United Parcel Service from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Citigroup dropped their price target on United Parcel Service from $163.00 to $158.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Oppenheimer lifted their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Susquehanna increased their target price 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. Finally, StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $151.10.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 45,098 shares of the company's stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company's stock.

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.