Financial Partners Group LLC Has $4.34 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Financial Partners Group LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 18.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,428 shares of the transportation company’s stock after purchasing an additional 5,297 shares during the quarter. United Parcel Service makes up approximately 1.8% of Financial Partners Group LLC’s investment portfolio, making the stock its 17th largest holding. Financial Partners Group LLC’s holdings in United Parcel Service were worth $4,341,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in United Parcel Service by 15,779.6% in 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 raised its position 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 worth $282,783,000 after purchasing an additional 1,851,900 shares during the period. Van ECK Associates Corp lifted its holdings in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in 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 valued at $147,242,000 after purchasing an additional 1,059,339 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $133.61 on Friday. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $161.35. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average price is $128.95 and its two-hundred day moving average price is $130.82. The firm has a market cap of $114.01 billion, a PE ratio of 20.18, a PEG ratio of 1.86 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.57 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

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. This represents a $6.52 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Thursday, January 16th. Citigroup dropped their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.