BankPlus Wealth Management LLC Purchases New Shares in United Parcel Service, Inc. (NYSE:UPS)

BankPlus Wealth Management LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,878 shares of the transportation company’s stock, valued at approximately $237,000.

A number of other hedge funds have also bought and sold shares of UPS. IFS Advisors LLC grew its holdings in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. PSI Advisors LLC raised its holdings in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the period. Princeton Global Asset Management LLC lifted its stake in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in United Parcel Service during the 3rd quarter valued at $36,000. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’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. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $136.23 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $158.95. The company has a market cap of $116.26 billion, a PE ratio of 20.58, a P/E/G ratio of 1.86 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 business has a 50-day simple moving average of $128.95 and a two-hundred day simple moving average of $130.76.

United Parcel Service Dividend Announcement

The business also recently announced 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. This represents a $6.52 annualized dividend and a yield of 4.79%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UPS shares. Evercore ISI lifted their target price on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Citigroup dropped their target price on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays reiterated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.