United Parcel Service, Inc. $UPS Shares Acquired by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 55.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,403 shares of the transportation company’s stock after acquiring an additional 19,009 shares during the quarter. United Parcel Service comprises approximately 1.7% of Wealthedge Investment Advisors LLC’s portfolio, making the stock its 18th largest holding. Wealthedge Investment Advisors LLC’s holdings in United Parcel Service were worth $4,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Vanguard Group Inc. increased its position in shares of United Parcel Service by 0.6% during the third quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company’s stock worth $5,619,730,000 after purchasing an additional 372,850 shares in the last quarter. State Street Corp boosted its position in shares of United Parcel Service by 1.5% in the 2nd quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock valued at $3,106,381,000 after purchasing an additional 444,384 shares during the period. Charles Schwab Investment Management Inc. grew its stake in United Parcel Service by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after buying an additional 746,667 shares during the last quarter. Geode Capital Management LLC increased its position in United Parcel Service by 4.8% during the second quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock worth $1,675,733,000 after buying an additional 762,407 shares during the period. Finally, Norges Bank acquired a new position in United Parcel Service during the second quarter worth approximately $851,842,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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United Parcel Service Stock Down 0.7%

United Parcel Service stock opened at $115.85 on Friday. The stock’s 50 day moving average price is $109.25 and its 200 day moving average price is $96.74. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $123.70. The company has a market cap of $98.29 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPSGet Free Report) last released its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the company earned $2.75 earnings per share. United Parcel Service’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s dividend payout ratio is presently 100.00%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets raised their target price on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Citigroup decreased their price target on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. BNP Paribas Exane downgraded shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a research report on Tuesday, January 13th. Bank of America upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research note on Friday, January 9th. Finally, Stifel Nicolaus increased their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $113.67.

Read Our Latest Stock Report on UPS

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

About United Parcel Service

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

See Also

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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