Donaldson Capital Management LLC Has $44.96 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Donaldson Capital Management LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 285,973 shares of the transportation company's stock after selling 29,906 shares during the quarter. United Parcel Service makes up 2.0% of Donaldson Capital Management LLC's portfolio, making the stock its 22nd biggest position. Donaldson Capital Management LLC's holdings in United Parcel Service were worth $44,964,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MWA Asset Management acquired a new stake in shares of United Parcel Service in the 3rd quarter worth about $2,125,000. Chesapeake Wealth Management increased its holdings in shares of United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company's stock worth $1,229,000 after acquiring an additional 103 shares during the period. Cerity Partners LLC increased its holdings in shares of United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company's stock worth $60,908,000 after acquiring an additional 44,721 shares during the period. Telos Capital Management Inc. increased its holdings in shares of United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company's stock worth $11,587,000 after acquiring an additional 740 shares during the period. Finally, ING Groep NV increased its holdings in shares of United Parcel Service by 289.9% in the 3rd quarter. ING Groep NV now owns 60,201 shares of the transportation company's stock worth $9,384,000 after acquiring an additional 44,760 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto purchased 1,400 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Robert W. Baird raised shares of United Parcel Service from a "neutral" rating to an "outperform" rating and raised their target price for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Daiwa Capital Markets cut shares of United Parcel Service from an "outperform" rating to a "neutral" rating and set a $155.00 target price on the stock. in a research note on Tuesday, December 26th. HSBC lowered their target price on shares of United Parcel Service from $155.00 to $150.00 and set a "hold" rating on the stock in a research note on Thursday, March 28th. Barclays reduced their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 31st. Finally, Argus lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and an average price target of $165.61.

United Parcel Service Stock Down 0.0 %

Shares of UPS stock traded down $0.06 during trading on Monday, hitting $144.85. 3,270,080 shares of the company were exchanged, compared to its average volume of 4,325,354. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $123.51 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.68 and a beta of 1.05. The business's 50-day simple moving average is $149.81 and its 200 day simple moving average is $151.49. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.01. The firm had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.62 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 8.21 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.50%. The ex-dividend date was Friday, February 16th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.62. United Parcel Service's dividend payout ratio (DPR) is presently 83.70%.

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.