Edgemoor Investment Advisors Inc. Purchases 14,477 Shares of United Parcel Service, Inc. $UPS

Edgemoor Investment Advisors Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS) by 236.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,592 shares of the transportation company’s stock after buying an additional 14,477 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in United Parcel Service were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. Brighton Jones LLC grew its holdings in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of United Parcel Service during the second quarter valued at about $277,000. Callan Family Office LLC increased its holdings in shares of United Parcel Service by 114.1% in the second quarter. Callan Family Office LLC now owns 13,781 shares of the transportation company’s stock worth $1,391,000 after buying an additional 7,345 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in United Parcel Service by 1.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 47,355 shares of the transportation company’s stock valued at $4,780,000 after acquiring an additional 508 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in United Parcel Service by 42.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 74,443 shares of the transportation company’s stock worth $7,516,000 after acquiring an additional 22,298 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $117.92 on Tuesday. The stock’s 50 day simple moving average is $104.17 and its two-hundred day simple moving average is $94.12. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.30 and a current ratio of 1.22. The stock has a market cap of $100.04 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.86 and a beta of 1.10. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $123.70.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The company had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Evercore boosted their price objective on United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Susquehanna boosted their price objective on shares of United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Jefferies Financial Group upped their price objective on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus raised their target price on United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $113.67.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.