Field & Main Bank Decreases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Field & Main Bank lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 48.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,060 shares of the transportation company’s stock after selling 985 shares during the period. Field & Main Bank’s holdings in United Parcel Service were worth $134,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UPS. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. PSI Advisors LLC boosted its position in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC grew its stake 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 worth $34,000 after buying an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in United Parcel Service in the third quarter worth $36,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

United Parcel Service stock opened at $135.61 on Wednesday. The business has a 50 day simple moving average of $129.01 and a 200 day simple moving average of $130.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $115.73 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. United Parcel Service, Inc. has a one year low of $121.56 and a one year high of $158.95.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were 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 in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UPS shares. Susquehanna increased their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group lowered their target price 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. UBS Group upped their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.24.

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.