Diversify Wealth Management LLC Has $1.99 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Diversify Wealth Management LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 13.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,142 shares of the transportation company’s stock after purchasing an additional 1,743 shares during the period. Diversify Wealth Management LLC’s holdings in United Parcel Service were worth $1,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Blackston Financial Advisory Group LLC boosted its holdings in shares of United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in United Parcel Service by 0.9% during the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after acquiring an additional 73 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after acquiring an additional 73 shares during the last quarter. Gleason Group Inc. grew its position in shares of United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after acquiring an additional 77 shares during the period. Finally, Rogco LP increased its stake in shares of United Parcel Service by 1.9% during the 1st quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock worth $625,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.4 %

Shares of United Parcel Service stock opened at $133.79 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market capitalization of $114.60 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.03 and a beta of 0.99. The firm’s 50-day moving average price is $131.24 and its two-hundred day moving average price is $135.72.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the business posted $1.57 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.41 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. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.87%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UPS. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Barclays reaffirmed an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Finally, Evercore ISI upped their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

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.