Oakworth Capital Inc. Has $411,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Oakworth Capital Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,257 shares of the transportation company’s stock after selling 152 shares during the period. Oakworth Capital Inc.’s holdings in United Parcel Service were worth $411,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Buck Wealth Strategies LLC lifted its position in shares of United Parcel Service by 80.0% during the fourth quarter. Buck Wealth Strategies LLC now owns 5,352 shares of the transportation company’s stock valued at $675,000 after purchasing an additional 2,378 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of United Parcel Service by 7.6% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 8,806 shares of the transportation company’s stock valued at $1,110,000 after purchasing an additional 625 shares in the last quarter. Financial Advocates Investment Management lifted its position in shares of United Parcel Service by 16.9% during the fourth quarter. Financial Advocates Investment Management now owns 9,631 shares of the transportation company’s stock valued at $1,214,000 after purchasing an additional 1,389 shares in the last quarter. NovaPoint Capital LLC raised its position in United Parcel Service by 11.9% in the fourth quarter. NovaPoint Capital LLC now owns 1,874 shares of the transportation company’s stock worth $236,000 after acquiring an additional 200 shares during the period. Finally, Trilogy Capital Inc. raised its position in United Parcel Service by 6.9% in the fourth quarter. Trilogy Capital Inc. now owns 23,527 shares of the transportation company’s stock worth $2,967,000 after acquiring an additional 1,520 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on UPS. Loop Capital lowered their price objective 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. UBS Group lowered their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Morgan Stanley lowered their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Evercore ISI boosted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Finally, Oppenheimer boosted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Trading Up 0.2 %

NYSE:UPS opened at $111.95 on Thursday. The company has a fifty day moving average of $126.84 and a 200 day moving average of $129.57. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $95.54 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.63 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the firm posted $2.47 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 8.61 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.86%. United Parcel Service’s dividend payout ratio is 96.45%.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

About United Parcel Service

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.