Wilmington Savings Fund Society FSB Purchases 8,097 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wilmington Savings Fund Society FSB raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 31.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,777 shares of the transportation company's stock after purchasing an additional 8,097 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in United Parcel Service were worth $4,605,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of United Parcel Service by 2.1% during the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock worth $4,035,313,000 after purchasing an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock worth $2,989,609,000 after buying an additional 1,320,921 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of United Parcel Service by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock worth $2,080,170,000 after buying an additional 373,202 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock worth $1,994,853,000 after buying an additional 14,539,321 shares during the last quarter. Finally, FMR LLC raised its stake in shares of United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock worth $1,448,960,000 after buying an additional 380,229 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

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 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 trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Argus upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. The Goldman Sachs Group cut their price target on shares of United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. UBS Group increased their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, October 25th. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a "hold" rating and a $144.00 price target on the stock. Finally, StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has an average rating of "Moderate Buy" and an average target price of $151.29.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $0.40 during midday trading on Friday, reaching $128.58. The company had a trading volume of 1,846,314 shares, compared to its average volume of 4,177,737. The company's 50 day moving average price is $132.99 and its 200 day moving average price is $132.85. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $109.73 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.12 and a beta of 0.98. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 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. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is 98.49%.

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.