FineMark National Bank & Trust Has $216.58 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

FineMark National Bank & Trust decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,717,533 shares of the transportation company's stock after selling 5,319 shares during the period. United Parcel Service comprises about 7.6% of FineMark National Bank & Trust's holdings, making the stock its largest holding. FineMark National Bank & Trust owned about 0.20% of United Parcel Service worth $216,581,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB increased its stake in shares of United Parcel Service by 2.8% during the third quarter. Swedbank AB now owns 280,509 shares of the transportation company's stock valued at $38,245,000 after purchasing an additional 7,675 shares in the last quarter. Larson Financial Group LLC increased its position in United Parcel Service by 73.4% during the 3rd quarter. Larson Financial Group LLC now owns 7,324 shares of the transportation company's stock valued at $999,000 after buying an additional 3,100 shares in the last quarter. Summit Trail Advisors LLC raised its stake in United Parcel Service by 8.9% during the third quarter. Summit Trail Advisors LLC now owns 5,924 shares of the transportation company's stock valued at $808,000 after buying an additional 483 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in United Parcel Service by 12.2% in the third quarter. Daiwa Securities Group Inc. now owns 91,262 shares of the transportation company's stock worth $12,443,000 after acquiring an additional 9,898 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of United Parcel Service by 5.0% in the third quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company's stock worth $16,916,000 after acquiring an additional 5,956 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UPS shares. Morgan Stanley lowered their price target on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Bank of America dropped their target price on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research note on Tuesday. StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their price objective on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, BMO Capital Markets raised United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.91.

United Parcel Service Stock Performance

NYSE UPS traded down $5.79 on Tuesday, reaching $110.01. 10,622,008 shares of the stock were exchanged, compared to its average volume of 4,499,631. The firm has a market capitalization of $93.97 billion, a PE ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $157.99. The company's 50-day simple moving average is $119.63 and its two-hundred day simple moving average is $126.79. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the business posted $2.47 EPS. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.96%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio is presently 97.04%.

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.