First Hawaiian Bank Has $936,000 Position in United Parcel Service, Inc. (NYSE:UPS)

First Hawaiian Bank boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 117.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,419 shares of the transportation company’s stock after purchasing an additional 4,009 shares during the quarter. First Hawaiian Bank’s holdings in United Parcel Service were worth $936,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC raised 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 acquiring an additional 171 shares in the last quarter. PSI Advisors LLC raised its stake in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares in the last quarter. FSA Wealth Management LLC acquired a new position in United Parcel Service during the third quarter worth $36,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of United Parcel Service by 271.7% during the second quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock worth $54,000 after purchasing an additional 288 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UPS. Citigroup decreased their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company decreased their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

United Parcel Service Price Performance

Shares of UPS opened at $123.38 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 1 year low of $122.01 and a 1 year high of $161.47. The stock has a market cap of $105.29 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The stock’s 50-day moving average price is $129.54 and its two-hundred day moving average price is $131.23.

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

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

United Parcel Service 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.