United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Central Valley Advisors LLC

Central Valley Advisors LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,578 shares of the transportation company’s stock after buying an additional 305 shares during the period. Central Valley Advisors LLC’s holdings in United Parcel Service were worth $451,000 at the end of the most recent reporting period.

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

United Parcel Service Price Performance

Shares of NYSE UPS opened at $129.97 on Friday. The business has a 50 day moving average price of $129.09 and a two-hundred day moving average price of $130.98. 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 $110.91 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Sell-side analysts expect that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on UPS shares. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday. Oppenheimer raised their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Susquehanna lifted their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.10.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

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.