Good Life Advisors LLC Has $3.48 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Good Life Advisors LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 8.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,550 shares of the transportation company’s stock after purchasing an additional 1,939 shares during the period. Good Life Advisors LLC’s holdings in United Parcel Service were worth $3,483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis bought a new position in shares of United Parcel Service in the 1st quarter valued at about $121,000. Cohen Investment Advisors LLC grew its holdings in United Parcel Service by 26.4% during the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after purchasing an additional 3,835 shares during the period. Financial Partners Group LLC grew its holdings in United Parcel Service by 23.9% during the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after purchasing an additional 5,069 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in United Parcel Service by 12.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock worth $8,853,000 after purchasing an additional 6,502 shares during the period. Finally, Nvwm LLC grew its holdings in United Parcel Service by 3.7% during the first quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS traded down $0.66 during trading on Thursday, hitting $135.18. 569,891 shares of the stock traded hands, compared to its average volume of 4,175,649. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a market cap of $115.79 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.98 and a beta of 0.99. 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 business has a 50 day moving average price of $129.82 and a 200 day moving average price of $136.75.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.54 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.82%. United Parcel Service’s payout ratio is presently 106.36%.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. This trade represents a 3,100.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. TD Cowen assumed coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Bank of America reduced their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, BMO Capital Markets cut their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have given 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, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus price target of $151.24.

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.