Hendershot Investments Inc. Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Hendershot Investments Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,046 shares of the transportation company’s stock after purchasing an additional 6,610 shares during the quarter. United Parcel Service comprises approximately 1.3% of Hendershot Investments Inc.’s portfolio, making the stock its 29th biggest holding. Hendershot Investments Inc.’s holdings in United Parcel Service were worth $9,211,000 as of its most recent SEC filing.

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

United Parcel Service Price Performance

NYSE UPS opened at $113.20 on Friday. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The stock has a 50-day moving average of $125.95 and a 200 day moving average of $129.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $96.60 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.50 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates 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 earned $2.47 earnings per share. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.80%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is presently 96.45%.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UPS shares. Bank of America cut their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus cut their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group decreased their target price on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Barclays reissued an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

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.