Bridges Investment Management Inc. Has $414,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Bridges Investment Management Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 83.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,633 shares of the transportation company’s stock after selling 13,171 shares during the period. Bridges Investment Management Inc.’s holdings in United Parcel Service were worth $414,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. State Street Corp raised its position in United Parcel Service by 1.3% during the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock worth $5,082,594,000 after purchasing an additional 357,974 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after purchasing an additional 628,944 shares during the last quarter. Wellington Management Group LLP boosted its stake in United Parcel Service by 31.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after purchasing an additional 2,331,875 shares during the last quarter. Northern Trust Corp boosted its stake in shares of United Parcel Service by 0.6% in the 1st quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock worth $1,988,777,000 after buying an additional 54,401 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of United Parcel Service by 33.7% in the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after buying an additional 1,949,775 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

NYSE UPS traded up $1.83 on Wednesday, hitting $150.98. 867,093 shares of the company’s stock were exchanged, compared to its average volume of 4,394,969. The firm’s 50-day moving average price is $149.88 and its two-hundred day moving average price is $151.90. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $128.73 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.70 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. During the same period in the prior year, the company posted $3.62 EPS. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 8.27 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.32%. United Parcel Service’s dividend payout ratio is currently 83.70%.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a report on Thursday, December 21st. Raymond James dropped their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $165.87.

Check Out Our Latest Report on United Parcel Service

United Parcel Service Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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