Stockman Wealth Management Inc. Invests $10.93 Million in United Parcel Service, Inc. (NYSE:UPS)

Stockman Wealth Management Inc. acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,673 shares of the transportation company’s stock, valued at approximately $10,929,000. United Parcel Service accounts for approximately 1.7% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 19th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliance Wealth Advisors LLC raised its position in United Parcel Service by 3.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company’s stock valued at $323,000 after purchasing an additional 94 shares in the last quarter. Investment Advisory Services Inc. TX ADV grew its stake in shares of United Parcel Service by 21.4% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,204 shares of the transportation company’s stock worth $278,000 after acquiring an additional 389 shares during the period. WCM Investment Management LLC grew its position in United Parcel Service by 239.1% during the fourth quarter. WCM Investment Management LLC now owns 37,632 shares of the transportation company’s stock valued at $4,716,000 after buying an additional 26,534 shares during the period. Entropy Technologies LP boosted its position in shares of United Parcel Service by 26.7% in the fourth quarter. Entropy Technologies LP now owns 27,326 shares of the transportation company’s stock worth $3,446,000 after purchasing an additional 5,752 shares during the period. Finally, Empowered Funds LLC raised its stake in United Parcel Service by 71.8% during the fourth quarter. Empowered Funds LLC now owns 129,683 shares of the transportation company’s stock valued at $16,353,000 after purchasing an additional 54,182 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 0.2 %

NYSE:UPS opened at $113.20 on Friday. The firm has a market capitalization of $96.60 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.50 and a beta of 0.98. The business’s fifty day moving average price is $125.95 and its 200 day moving average price is $129.24. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. 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) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm posted $2.47 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.80%. United Parcel Service’s payout ratio is currently 96.45%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’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 owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This 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.

Analyst Ratings Changes

UPS has been the subject of several analyst reports. The Goldman Sachs Group decreased their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group reduced their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lowered their price target on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $140.73.

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.