Yarger Wealth Strategies LLC Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Yarger Wealth Strategies LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,876 shares of the transportation company’s stock after purchasing an additional 120 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in United Parcel Service were worth $363,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UPS. 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 valued at $29,000 after purchasing an additional 171 shares during the period. IFS Advisors LLC boosted its holdings in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. Princeton Global Asset Management LLC boosted its holdings 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 valued at $34,000 after purchasing an additional 216 shares during the last quarter. PSI Advisors LLC grew its stake in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI lifted their price objective on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company cut their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.10.

United Parcel Service Price Performance

UPS stock opened at $129.97 on Friday. The stock’s 50 day moving average is $129.09 and its two-hundred day moving average is $130.98. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35. The company has a market capitalization of $110.91 billion, a PE ratio of 19.63, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. 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 dividend payout ratio (DPR) is presently 98.49%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on 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 approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.