United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Cambridge Trust Co.

Cambridge Trust Co. increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,401 shares of the transportation company’s stock after purchasing an additional 273 shares during the quarter. Cambridge Trust Co.’s holdings in United Parcel Service were worth $378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacific Center for Financial Services purchased a new position in United Parcel Service during the 1st quarter valued at about $25,000. IMA Wealth Inc. boosted its holdings in United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 71 shares during the period. Worth Asset Management LLC purchased a new position in United Parcel Service during the 1st quarter valued at about $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. Finally, OFI Invest Asset Management purchased a new position in shares of United Parcel Service in the 3rd quarter valued at about $25,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. HSBC decreased their target price on United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Stifel Nicolaus dropped their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. TD Cowen dropped their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Finally, Raymond James dropped their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $165.61.

Insider Activity

In related news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 0.3 %

Shares of NYSE:UPS opened at $142.35 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $197.80. The stock’s fifty day simple moving average is $149.55 and its 200-day simple moving average is $151.28. The company has a market capitalization of $121.37 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.65 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business had revenue of $24.92 billion for the quarter, compared to the consensus estimate of $25.40 billion. During the same period in the prior year, the business earned $3.62 earnings per share. The business’s revenue was down 7.8% on a year-over-year basis. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 8.2 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio is currently 83.70%.

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.