Kennebec Savings Bank Lowers Stake in United Parcel Service, Inc. (NYSE:UPS)

Kennebec Savings Bank decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 55.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 247 shares of the transportation company’s stock after selling 305 shares during the period. Kennebec Savings Bank’s holdings in United Parcel Service were worth $31,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CMG Global Holdings LLC lifted its stake in shares of United Parcel Service by 6.2% during the 4th quarter. CMG Global Holdings LLC now owns 42,098 shares of the transportation company’s stock worth $5,580,000 after purchasing an additional 2,440 shares during the period. Sonora Investment Management Group LLC boosted its holdings in United Parcel Service by 10.6% in the fourth quarter. Sonora Investment Management Group LLC now owns 3,971 shares of the transportation company’s stock valued at $501,000 after acquiring an additional 380 shares during the last quarter. Mediolanum International Funds Ltd increased its stake in United Parcel Service by 21.7% during the fourth quarter. Mediolanum International Funds Ltd now owns 31,427 shares of the transportation company’s stock worth $3,929,000 after acquiring an additional 5,606 shares during the last quarter. Crews Bank & Trust purchased a new position in United Parcel Service in the fourth quarter valued at approximately $159,000. Finally, Capital Investment Advisory Services LLC lifted its holdings in shares of United Parcel Service by 49.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 20,005 shares of the transportation company’s stock valued at $2,523,000 after acquiring an additional 6,603 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPS. The Goldman Sachs Group reduced their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research note on Wednesday, January 8th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $160.00 to $130.00 in a report on Friday. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $149.00.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated 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 transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $114.94 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12 month low of $109.62 and a 12 month high of $158.95. The business has a fifty day simple moving average of $129.05 and a 200-day simple moving average of $130.72. The stock has a market cap of $98.09 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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 37.38% and a net margin of 6.25%. During the same quarter in the previous year, the business earned $2.47 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.5 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

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.