Capital Advisors Wealth Management LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,171 shares of the transportation company’s stock after selling 185 shares during the period. Capital Advisors Wealth Management LLC’s holdings in United Parcel Service were worth $274,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of UPS. Blair William & Co. IL boosted its stake in shares of United Parcel Service by 38.0% during the second quarter. Blair William & Co. IL now owns 245,087 shares of the transportation company’s stock worth $33,540,000 after buying an additional 67,476 shares during the period. Paces Ferry Wealth Advisors LLC lifted its position in United Parcel Service by 15.0% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 4,314 shares of the transportation company’s stock worth $590,000 after acquiring an additional 563 shares during the period. Miramar Capital LLC grew its stake in shares of United Parcel Service by 8.6% in the 2nd quarter. Miramar Capital LLC now owns 94,176 shares of the transportation company’s stock valued at $12,888,000 after purchasing an additional 7,449 shares during the last quarter. Garner Asset Management Corp increased its holdings in shares of United Parcel Service by 28.1% in the second quarter. Garner Asset Management Corp now owns 12,452 shares of the transportation company’s stock valued at $1,704,000 after purchasing an additional 2,734 shares during the period. Finally, Palouse Capital Management Inc. raised its stake in shares of United Parcel Service by 37.1% during the second quarter. Palouse Capital Management Inc. now owns 18,319 shares of the transportation company’s stock worth $2,507,000 after purchasing an additional 4,955 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Barclays reiterated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Citigroup reduced their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $151.10.
United Parcel Service Stock Up 2.0 %
Shares of NYSE UPS opened at $129.97 on Friday. The firm’s 50-day moving average is $129.09 and its two-hundred day moving average is $130.98. The company has a market capitalization of $110.91 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.02%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.
Insider Buying and Selling at United Parcel Service
In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is 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.
Featured Stories
- Five stocks we like better than United Parcel Service
- What is Short Interest? How to Use It
- Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?
- The 3 Best Retail Stocks to Shop for in August
- UnitedHealth Group Pulls Back Into Another Healthy Opportunity
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Micron Technology: Riding the AI Wave to Long-Term Growth
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.