First Financial Corp IN Acquires 317 Shares of United Parcel Service, Inc. (NYSE:UPS)

First Financial Corp IN increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 205.8% in the 4th quarter, Holdings Channel reports. The fund owned 471 shares of the transportation company’s stock after buying an additional 317 shares during the quarter. First Financial Corp IN’s holdings in United Parcel Service were worth $59,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. True Wealth Design LLC grew its holdings in United Parcel Service by 397.7% in 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 period. PSI Advisors LLC boosted its position 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 grew its stake in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the last quarter. FSA Wealth Management LLC bought a new position in United Parcel Service during the 3rd quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP purchased a new position in United Parcel Service during the third quarter valued at $54,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service 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 transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Evercore ISI lifted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Barclays reiterated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Stifel Nicolaus boosted their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.10.

United Parcel Service Stock Performance

UPS opened at $125.14 on Tuesday. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The company has a market cap of $106.79 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.11 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $129.38 and its 200 day moving average is $131.08.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

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.