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

Oakworth Capital Inc. lessened its position in United Parcel Service, Inc. (NYSE:UPS) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UPS. AMF Tjanstepension AB grew its position in shares of United Parcel Service by 39.7% in the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock valued at $14,793,000 after acquiring an additional 30,815 shares during the period. Czech National Bank boosted its holdings in shares of United Parcel Service by 7.4% during the 3rd quarter. Czech National Bank now owns 149,220 shares of the transportation company’s stock worth $20,345,000 after buying an additional 10,227 shares during the period. GAMMA Investing LLC boosted its holdings in shares of United Parcel Service by 5.3% during the 3rd quarter. GAMMA Investing LLC now owns 5,680 shares of the transportation company’s stock worth $774,000 after buying an additional 286 shares during the period. Callan Family Office LLC boosted its holdings in shares of United Parcel Service by 23.2% during the 3rd quarter. Callan Family Office LLC now owns 1,854 shares of the transportation company’s stock worth $253,000 after buying an additional 349 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of United Parcel Service by 0.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 22,522 shares of the transportation company’s stock worth $3,071,000 after buying an additional 150 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Susquehanna reduced their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday, January 31st. Loop Capital cut their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.73.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.2 %

Shares of NYSE UPS opened at $111.95 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The firm has a 50 day moving average price of $126.84 and a two-hundred day moving average price of $129.57. The stock has a market cap of $95.54 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.63 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 earnings per share (EPS) for the quarter, beating 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 in the previous year, the company posted $2.47 earnings per share. As a group, equities analysts forecast that United Parcel Service, Inc. will post 8.61 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid 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 dividend on an annualized basis and a dividend yield of 5.86%. United Parcel Service’s dividend payout ratio is currently 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.