Alerus Financial NA Has $1.70 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Alerus Financial NA lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,508 shares of the transportation company’s stock after purchasing an additional 316 shares during the period. Alerus Financial NA’s holdings in United Parcel Service were worth $1,703,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pacific Sage Partners LLC lifted its position in shares of United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after acquiring an additional 77 shares during the period. Quent Capital LLC raised its holdings 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 buying an additional 80 shares during the last quarter. Gleason Group Inc. lifted its position in United Parcel Service by 1.3% during the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock worth $840,000 after buying an additional 84 shares in the last quarter. Dunhill Financial LLC increased its position in United Parcel Service by 4.9% in the 3rd quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company’s stock valued at $250,000 after acquiring an additional 86 shares in the last quarter. Finally, Weaver Consulting Group raised its stake in shares of United Parcel Service by 3.0% in the third quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company’s stock worth $416,000 after acquiring an additional 89 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $111.05 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $94.85 billion, a PE ratio of 16.43, a PEG ratio of 1.55 and a beta of 0.94. The firm has a 50 day moving average of $118.92 and a 200-day moving average of $126.58. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $154.29.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 quarter in the previous year, the firm earned $2.47 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.91%. United Parcel Service’s payout ratio is presently 97.04%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UPS. Wells Fargo & Company dropped their price objective on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group dropped their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Morgan Stanley cut their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Finally, Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.57.

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.