United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Advocate Group LLC

Advocate Group LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,600 shares of the transportation company’s stock after buying an additional 6,216 shares during the quarter. United Parcel Service comprises 1.8% of Advocate Group LLC’s portfolio, making the stock its 13th largest position. Advocate Group LLC’s holdings in United Parcel Service were worth $9,407,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Monte Financial Group LLC purchased a new position in shares of United Parcel Service in the fourth quarter valued at $3,632,000. Lantz Financial LLC increased its position in shares of United Parcel Service by 47.7% during the fourth quarter. Lantz Financial LLC now owns 16,805 shares of the transportation company’s stock worth $2,119,000 after acquiring an additional 5,424 shares during the last quarter. Cyndeo Wealth Partners LLC increased its stake in shares of United Parcel Service by 6.1% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 69,090 shares of the transportation company’s stock worth $8,712,000 after buying an additional 3,959 shares during the last quarter. AM Investment Strategies LLC increased its holdings in shares of United Parcel Service by 29.9% in the 4th quarter. AM Investment Strategies LLC now owns 20,869 shares of the transportation company’s stock valued at $2,632,000 after acquiring an additional 4,805 shares during the last quarter. Finally, Gradient Investments LLC boosted its stake in United Parcel Service by 12.1% in the fourth quarter. Gradient Investments LLC now owns 1,693 shares of the transportation company’s stock valued at $213,000 after acquiring an additional 183 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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 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 transaction, the insider now directly owns 45,098 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.5 %

Shares of NYSE:UPS opened at $132.98 on Friday. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $113.48 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The firm has a fifty day moving average of $128.95 and a two-hundred day moving average of $130.82.

United Parcel Service (NYSE:UPS) last issued 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. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. On average, equities analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.90%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UPS. Evercore ISI raised their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group increased their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Citigroup cut their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price of $151.24.

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.