Accurate Wealth Management LLC Acquires 727 Shares of United Parcel Service, Inc. (NYSE:UPS)

Accurate Wealth Management LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,988 shares of the transportation company’s stock after purchasing an additional 727 shares during the quarter. Accurate Wealth Management LLC’s holdings in United Parcel Service were worth $492,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Wynn Capital LLC lifted its holdings in shares of United Parcel Service by 33.9% in the 4th quarter. Wynn Capital LLC now owns 2,324 shares of the transportation company’s stock worth $293,000 after purchasing an additional 589 shares in the last quarter. Ignite Planners LLC lifted its holdings in shares of United Parcel Service by 17.6% in the 4th quarter. Ignite Planners LLC now owns 4,187 shares of the transportation company’s stock worth $518,000 after purchasing an additional 626 shares in the last quarter. Breakwater Capital Group lifted its holdings in shares of United Parcel Service by 7.5% in the 4th quarter. Breakwater Capital Group now owns 2,380 shares of the transportation company’s stock worth $300,000 after purchasing an additional 166 shares in the last quarter. Wallace Advisory Group LLC lifted its holdings in shares of United Parcel Service by 16.8% in the 4th quarter. Wallace Advisory Group LLC now owns 4,051 shares of the transportation company’s stock worth $552,000 after purchasing an additional 582 shares in the last quarter. Finally, Johnson & White Wealth Management LLC bought a new position in shares of United Parcel Service in the 4th quarter worth $263,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UPS. Wells Fargo & Company cut their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus increased their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup lowered their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. UBS Group increased their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.10.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Up 1.3 %

Shares of UPS opened at $127.42 on Thursday. The business has a 50-day moving average of $129.22 and a 200 day moving average of $131.01. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35. The firm has a market cap of $108.74 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the firm posted $1.57 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.12%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

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.