Busey Bank Sells 462 Shares of United Parcel Service, Inc. (NYSE:UPS)

Busey Bank decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,040 shares of the transportation company’s stock after selling 462 shares during the quarter. Busey Bank’s holdings in United Parcel Service were worth $257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Swedbank AB grew its position in United Parcel Service by 6.3% in the 4th quarter. Swedbank AB now owns 298,088 shares of the transportation company’s stock valued at $37,589,000 after acquiring an additional 17,579 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of United Parcel Service by 3.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 64,950 shares of the transportation company’s stock valued at $8,190,000 after purchasing an additional 1,997 shares during the period. R Squared Ltd bought a new position in shares of United Parcel Service in the fourth quarter worth about $226,000. Accordant Advisory Group Inc increased its stake in United Parcel Service by 7.0% in the 4th quarter. Accordant Advisory Group Inc now owns 14,463 shares of the transportation company’s stock worth $1,824,000 after buying an additional 942 shares during the period. Finally, Mayflower Financial Advisors LLC lifted its holdings in United Parcel Service by 6.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 5,383 shares of the transportation company’s stock valued at $679,000 after buying an additional 343 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS stock opened at $114.94 on Friday. The firm has a market capitalization of $98.09 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50-day simple moving average is $129.05 and its 200-day simple moving average is $130.72. United Parcel Service, Inc. has a fifty-two week low of $109.62 and a fifty-two week high of $158.95.

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, beating analysts’ consensus estimates 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 last year, the business posted $2.47 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.5 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.67%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research reports. Oppenheimer raised their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. The Goldman Sachs Group lowered their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Evercore ISI increased their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Finally, UBS Group boosted 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

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.