United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 106.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,958 shares of the transportation company’s stock after buying an additional 2,560 shares during the period. San Luis Wealth Advisors LLC’s holdings in United Parcel Service were worth $676,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. Bragg Financial Advisors Inc raised its position in shares of United Parcel Service by 7.5% in the 4th quarter. Bragg Financial Advisors Inc now owns 32,263 shares of the transportation company’s stock valued at $5,073,000 after purchasing an additional 2,242 shares in the last quarter. Barden Capital Management Inc. increased its holdings in United Parcel Service by 15.0% in the fourth quarter. Barden Capital Management Inc. now owns 7,818 shares of the transportation company’s stock valued at $1,218,000 after buying an additional 1,022 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its position in shares of United Parcel Service by 7.7% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 4,329 shares of the transportation company’s stock worth $681,000 after acquiring an additional 311 shares in the last quarter. Parkwood LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $3,096,000. Finally, Petredis Investment Advisors LLC bought a new stake in United Parcel Service during the fourth quarter valued at $2,009,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UPS shares. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Citigroup started coverage on United Parcel Service in a research report on Wednesday. They set a “buy” rating and a $162.00 price objective for the company. TD Cowen initiated coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Evercore ISI reduced their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Finally, Barclays dropped their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

United Parcel Service Stock Performance

Shares of UPS opened at $132.85 on Friday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a 50-day moving average of $129.08 and a two-hundred day moving average of $137.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $113.80 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.96 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the business posted $2.54 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.42 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

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.