Cidel Asset Management Inc. Has $772,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Cidel Asset Management Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 13.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,121 shares of the transportation company’s stock after purchasing an additional 746 shares during the quarter. Cidel Asset Management Inc.’s holdings in United Parcel Service were worth $772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB increased its holdings in United Parcel Service by 39.7% during the third quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock worth $14,793,000 after buying an additional 30,815 shares during the last quarter. CWM LLC increased its stake in shares of United Parcel Service by 1.6% during the 3rd quarter. CWM LLC now owns 85,536 shares of the transportation company’s stock worth $11,662,000 after purchasing an additional 1,378 shares during the last quarter. Wedmont Private Capital lifted its stake in United Parcel Service by 16.3% in the 3rd quarter. Wedmont Private Capital now owns 2,407 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 338 shares during the last quarter. Perpetual Ltd grew its holdings in United Parcel Service by 12.7% during the third quarter. Perpetual Ltd now owns 16,602 shares of the transportation company’s stock worth $2,264,000 after purchasing an additional 1,873 shares during the period. Finally, Pinnacle Bancorp Inc. increased its position in United Parcel Service by 8.9% during the third quarter. Pinnacle Bancorp Inc. now owns 1,830 shares of the transportation company’s stock worth $250,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of several research analyst reports. 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 note on Wednesday, January 22nd. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. UBS Group decreased their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock 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. Finally, Morgan Stanley lowered their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $140.73.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $113.20 on Friday. The stock has a market cap of $96.60 billion, a PE ratio of 16.75, a P/E/G ratio of 1.50 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The business’s 50-day moving average price is $126.40 and its two-hundred day moving average price is $129.46.

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, 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 quarter in the previous year, the business posted $2.47 earnings per share. As a group, analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

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

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.