Global Wealth Management Investment Advisory Inc. Has $4.30 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Global Wealth Management Investment Advisory Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 42.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,113 shares of the transportation company’s stock after purchasing an additional 10,176 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in United Parcel Service were worth $4,302,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UPS. International Assets Investment Management LLC increased its position in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after buying an additional 14,539,321 shares during the period. Two Sigma Advisers LP boosted its stake in shares of United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after purchasing an additional 1,851,900 shares during the period. Van ECK Associates Corp increased its position in shares of United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after acquiring an additional 1,620,091 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after acquiring an additional 1,320,921 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of United Parcel Service by 5,136.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock worth $147,242,000 after acquiring an additional 1,059,339 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.2 %

Shares of NYSE:UPS opened at $113.20 on Monday. The stock’s 50-day simple moving average is $125.95 and its two-hundred day simple moving average is $129.25. The stock has a market capitalization of $96.60 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.50 and a beta of 0.98. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the business earned $2.47 EPS. Analysts expect that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.80%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is 97.04%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UPS. Morgan Stanley cut their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group dropped their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus reduced their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, UBS Group reduced their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $140.73.

Insider Buying and Selling

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 completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by insiders.

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.