Tritonpoint Wealth LLC Buys 18,350 Shares of United Parcel Service, Inc. (NYSE:UPS)

Tritonpoint Wealth LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 40.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,132 shares of the transportation company’s stock after purchasing an additional 18,350 shares during the quarter. Tritonpoint Wealth LLC’s holdings in United Parcel Service were worth $8,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cigna Investments Inc. New boosted its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares in the last quarter. Banco Santander S.A. raised its holdings in shares of 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 worth $1,717,000 after acquiring an additional 79 shares during the last quarter. Gleason Group Inc. raised its holdings in shares of United Parcel Service by 1.2% in the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock worth $897,000 after acquiring an additional 80 shares during the last quarter. Tradewinds LLC. raised its holdings in shares of United Parcel Service by 1.8% in 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 last quarter. Finally, OLD Second National Bank of Aurora raised its holdings in shares of United Parcel Service by 1.2% in the 3rd 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. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of analyst reports. Raymond James lowered their target price on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday. Bank of America decreased their price objective on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research note on Friday. Citigroup decreased their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research note on Friday. Finally, Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $141.95.

Insider Transactions at United Parcel Service

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. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $114.19 on Friday. United Parcel Service, Inc. has a fifty-two week low of $109.62 and a fifty-two week high of $158.95. The stock has a market capitalization of $97.45 billion, a PE ratio of 17.25, a P/E/G ratio of 1.88 and a beta of 1.00. The company has a fifty day moving average of $128.31 and a two-hundred day moving average of $130.40. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same quarter in the previous year, the firm earned $2.47 EPS. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.5 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.