United Parcel Service, Inc. (NYSE:UPS) Stake Boosted by Bonness Enterprises Inc.

Bonness Enterprises Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 24.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,150 shares of the transportation company's stock after acquiring an additional 4,100 shares during the period. United Parcel Service comprises approximately 0.9% of Bonness Enterprises Inc.'s holdings, making the stock its 21st biggest holding. Bonness Enterprises Inc.'s holdings in United Parcel Service were worth $2,667,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cigna Investments Inc. New increased its stake in United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company's stock valued at $1,024,000 after purchasing an additional 75 shares during the last quarter. Banco Santander S.A. grew its holdings in United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company's stock valued at $1,717,000 after buying an additional 79 shares during the period. Gleason Group Inc. increased its stake in shares of United Parcel Service by 1.2% during the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company's stock valued at $897,000 after acquiring an additional 80 shares during the last quarter. Tradewinds LLC. lifted its holdings in shares of United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company's stock worth $612,000 after acquiring an additional 81 shares during the period. Finally, OLD Second National Bank of Aurora boosted its position in shares of United Parcel Service by 1.2% in the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company's stock worth $979,000 after acquiring an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 2.5 %

NYSE UPS traded up $3.23 during mid-day trading on Tuesday, reaching $132.96. 5,282,480 shares of the company's stock traded hands, compared to its average volume of 4,633,941. The company has a fifty day simple moving average of $128.92 and a 200-day simple 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 market cap of $113.47 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.82 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 (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (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 during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.90%. United Parcel Service's payout ratio is 98.49%.

Insider Buying and Selling

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

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of United Parcel Service from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. increased their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Wolfe Research raised United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Finally, Susquehanna boosted their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $151.10.

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.