Journey Strategic Wealth LLC Buys 1,236 Shares of United Parcel Service, Inc. (NYSE:UPS)

Journey Strategic Wealth LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 48.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,792 shares of the transportation company’s stock after buying an additional 1,236 shares during the quarter. Journey Strategic Wealth LLC’s holdings in United Parcel Service were worth $478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFS Advisors LLC boosted its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. PSI Advisors LLC raised its stake in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the period. Finally, FSA Wealth Management LLC bought a new position in United Parcel Service in the third quarter valued at approximately $36,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’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 sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.6 %

United Parcel Service stock opened at $114.19 on Monday. The company has a market cap of $97.45 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.63 and a beta of 0.98. The firm has a 50-day moving average of $128.31 and a 200-day moving average of $130.28. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a one year low of $109.62 and a one year high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the firm earned $2.47 earnings per share. On average, equities analysts expect that United Parcel Service, Inc. will post 8.61 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.71%. United Parcel Service’s payout ratio is 96.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UPS shares. JPMorgan Chase & Co. cut their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Stifel Nicolaus cut their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Morgan Stanley lowered their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday. Finally, UBS Group reduced their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price of $141.95.

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.