Pathway Financial Advisers LLC Has $2.14 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Pathway Financial Advisers LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,992 shares of the transportation company’s stock after selling 134 shares during the period. Pathway Financial Advisers LLC’s holdings in United Parcel Service were worth $2,143,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UPS. Cigna Investments Inc. New lifted 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 buying an additional 75 shares during the period. Pacific Sage Partners LLC boosted its position in United Parcel Service by 4.8% in the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after buying an additional 77 shares in the last quarter. Banco Santander S.A. grew its stake in United Parcel Service by 0.6% during the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after buying an additional 79 shares during the last quarter. Gleason Group Inc. increased its holdings in shares of United Parcel Service by 1.2% during the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock worth $897,000 after buying an additional 80 shares in the last quarter. Finally, Quent Capital LLC raised its stake in shares of United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Bank of America dropped their price target on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a report on Friday, January 31st. Oppenheimer raised their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Loop Capital reduced 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 report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Price Performance

NYSE UPS opened at $114.25 on Thursday. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The business has a 50 day simple moving average of $124.96 and a 200 day simple moving average of $128.96. The stock has a market cap of $97.50 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.50 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its 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 return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the firm posted $2.47 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 96.45%.

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.