Level Financial Advisors Acquires Shares of 12,382 United Parcel Service, Inc. (NYSE:UPS)

Level Financial Advisors bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, Holdings Channel reports. The firm bought 12,382 shares of the transportation company’s stock, valued at approximately $1,561,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. Copperwynd Financial LLC boosted its stake in United Parcel Service by 7.0% in the second quarter. Copperwynd Financial LLC now owns 1,908 shares of the transportation company’s stock valued at $249,000 after acquiring an additional 124 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in United Parcel Service by 4.1% in the second quarter. Sunbelt Securities Inc. now owns 16,630 shares of the transportation company’s stock valued at $2,276,000 after purchasing an additional 648 shares during the last quarter. Wallace Advisory Group LLC grew its holdings in United Parcel Service by 161.0% during the second quarter. Wallace Advisory Group LLC now owns 3,469 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 2,140 shares during the period. Quarry LP increased its position in United Parcel Service by 453.6% in the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock worth $73,000 after buying an additional 440 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of United Parcel Service by 8.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock valued at $3,312,000 after buying an additional 1,863 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on UPS shares. Citigroup cut their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Evercore ISI increased their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Two 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

United Parcel Service Trading Up 2.4 %

Shares of UPS opened at $136.23 on Tuesday. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $158.95. The company has a market capitalization of $116.26 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.86 and a beta of 1.00. 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 firm’s 50 day simple moving average is $128.95 and its 200 day simple moving average is $130.76.

United Parcel Service Dividend Announcement

The business also recently disclosed 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 4.79%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

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.