Bangor Savings Bank Has $710,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Bangor Savings Bank raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,627 shares of the transportation company’s stock after buying an additional 268 shares during the quarter. Bangor Savings Bank’s holdings in United Parcel Service were worth $710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Cigna Investments Inc. New increased its holdings in United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares in the last quarter. Banco Santander S.A. grew its holdings in shares of United Parcel Service by 0.6% during the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after buying an additional 79 shares in the last quarter. Gleason Group Inc. raised its position in United Parcel Service by 1.2% in the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after buying an additional 80 shares during the last quarter. Tradewinds LLC. boosted its position in United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after acquiring an additional 81 shares during the last quarter. Finally, Horan Capital Advisors LLC. boosted its position in United Parcel Service by 0.4% during the 2nd quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company’s stock worth $3,152,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service 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 completion of the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Up 0.2 %

United Parcel Service stock opened at $124.06 on Tuesday. The company’s 50-day moving average price is $130.23 and its two-hundred day moving average price is $131.48. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $105.87 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a twelve month low of $122.01 and a twelve month high of $161.48.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 earnings per share. As a group, analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced 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 5.26%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Citigroup cut their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Oppenheimer boosted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. 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 analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.10.

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.