United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 18.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,106 shares of the transportation company’s stock after buying an additional 6,183 shares during the quarter. HB Wealth Management LLC’s holdings in United Parcel Service were worth $4,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in shares of United Parcel Service by 8.7% in the 2nd quarter. Brighton Jones LLC now owns 12,468 shares of the transportation company’s stock valued at $1,706,000 after purchasing an additional 995 shares during the last quarter. Ieq Capital LLC boosted its holdings in United Parcel Service by 12.0% in the second quarter. Ieq Capital LLC now owns 14,352 shares of the transportation company’s stock valued at $1,964,000 after acquiring an additional 1,532 shares during the last quarter. Canada Pension Plan Investment Board grew its position in United Parcel Service by 160.1% during the second quarter. Canada Pension Plan Investment Board now owns 257,974 shares of the transportation company’s stock valued at $35,304,000 after acquiring an additional 158,784 shares during the period. Bridges Investment Management Inc. increased its stake in United Parcel Service by 113.9% during the second quarter. Bridges Investment Management Inc. now owns 3,998 shares of the transportation company’s stock worth $547,000 after acquiring an additional 2,129 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of United Parcel Service by 67.1% in the 2nd quarter. AE Wealth Management LLC now owns 28,738 shares of the transportation company’s stock worth $3,933,000 after purchasing an additional 11,537 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UPS. Wells Fargo & Company dropped their target price on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer upped their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Down 0.1 %

NYSE:UPS opened at $129.77 on Friday. 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, Inc. has a 52 week low of $121.56 and a 52 week high of $161.35. The business’s 50 day moving average is $128.95 and its two-hundred day moving average is $130.93. The company has a market cap of $110.74 billion, a PE ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $1.57 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

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.