Savoie Capital LLC Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Savoie Capital LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 39.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,528 shares of the transportation company’s stock after purchasing an additional 6,600 shares during the period. Savoie Capital LLC’s holdings in United Parcel Service were worth $3,208,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Diversified Trust Co lifted its stake in United Parcel Service by 36.5% during the second quarter. Diversified Trust Co now owns 16,157 shares of the transportation company’s stock worth $2,211,000 after purchasing an additional 4,324 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of United Parcel Service by 8.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 401,463 shares of the transportation company’s stock worth $54,940,000 after purchasing an additional 31,639 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of United Parcel Service by 154.1% during the second quarter. Great Valley Advisor Group Inc. now owns 34,706 shares of the transportation company’s stock worth $4,750,000 after purchasing an additional 21,048 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of United Parcel Service by 872.8% in the 2nd quarter. ORG Partners LLC now owns 3,220 shares of the transportation company’s stock valued at $438,000 after purchasing an additional 2,889 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its position in shares of United Parcel Service by 1.8% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 8,690 shares of the transportation company’s stock valued at $1,189,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group decreased their price objective on 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. Citigroup cut their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, UBS Group upped their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $151.29.

United Parcel Service Stock Performance

NYSE:UPS opened at $128.53 on Tuesday. The firm has a 50 day simple moving average of $133.16 and a 200-day simple moving average of $132.96. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $109.68 billion, a PE ratio of 19.42, a P/E/G ratio of 2.06 and a beta of 0.98. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the company posted $1.57 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Activity 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 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 owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

About United Parcel Service

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.