Morton Community Bank Acquires Shares of 15,029 United Parcel Service, Inc. (NYSE:UPS)

Morton Community Bank acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,029 shares of the transportation company’s stock, valued at approximately $1,895,000.

Several other large investors also recently bought and sold shares of the stock. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of United Parcel Service by 397.7% in the 3rd 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. Whipplewood Advisors LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at $34,000. FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the 3rd quarter valued at $36,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UPS. Stifel Nicolaus cut their target price 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. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Loop Capital dropped their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Finally, Evercore ISI lifted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $138.00.

United Parcel Service Price Performance

Shares of UPS stock opened at $121.59 on Monday. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The stock has a market cap of $103.85 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.55 and a beta of 0.94. The business’s fifty day moving average is $121.73 and its 200 day moving average is $127.77. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the company earned $2.47 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.40%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

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.