U.S. Capital Wealth Advisors LLC Acquires 11,819 Shares of United Parcel Service, Inc. (NYSE:UPS)

U.S. Capital Wealth Advisors LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 116,415 shares of the transportation company’s stock after acquiring an additional 11,819 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in United Parcel Service were worth $15,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Guidance Capital Inc. increased its holdings in shares of United Parcel Service by 3.0% in the third quarter. Guidance Capital Inc. now owns 12,002 shares of the transportation company’s stock worth $1,631,000 after purchasing an additional 354 shares during the last quarter. Greenleaf Trust raised its holdings in shares of United Parcel Service by 16.5% during the 3rd quarter. Greenleaf Trust now owns 11,312 shares of the transportation company’s stock worth $1,542,000 after acquiring an additional 1,606 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of United Parcel Service by 26.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 58,728 shares of the transportation company’s stock valued at $8,007,000 after acquiring an additional 12,233 shares during the last quarter. Elevated Capital Advisors LLC grew its holdings in shares of United Parcel Service by 8.9% in the third quarter. Elevated Capital Advisors LLC now owns 4,438 shares of the transportation company’s stock valued at $605,000 after purchasing an additional 364 shares in the last quarter. Finally, Lecap Asset Management Ltd. increased its position in United Parcel Service by 3.1% in the third quarter. Lecap Asset Management Ltd. now owns 24,466 shares of the transportation company’s stock worth $3,336,000 after purchasing an additional 730 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on UPS. Wells Fargo & Company increased their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI lifted their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday. Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Stifel Nicolaus cut their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays restated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.05.

United Parcel Service Stock Down 0.2 %

UPS stock traded down $0.32 during trading on Wednesday, reaching $131.01. 989,503 shares of the company traded hands, compared to its average volume of 4,168,082. The business has a 50 day simple moving average of $130.44 and a 200 day simple moving average of $136.19. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $112.22 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.54 EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.98%. United Parcel Service’s payout ratio is 106.36%.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

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.