United Parcel Service, Inc. (NYSE:UPS) Shares Bought by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 77.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 46,434 shares of the transportation company’s stock after purchasing an additional 20,193 shares during the period. KMG Fiduciary Partners LLC’s holdings in United Parcel Service were worth $6,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Net Worth Advisory Group acquired a new stake in shares of United Parcel Service during the 3rd quarter worth about $612,000. Precedent Wealth Partners LLC boosted its stake in shares of United Parcel Service by 18.8% during the third quarter. Precedent Wealth Partners LLC now owns 6,926 shares of the transportation company’s stock worth $944,000 after buying an additional 1,097 shares during the period. Stratos Investment Management LLC grew its stake in shares of United Parcel Service by 16.6% in the 3rd quarter. Stratos Investment Management LLC now owns 7,066 shares of the transportation company’s stock valued at $963,000 after purchasing an additional 1,007 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of United Parcel Service by 46.7% in the third quarter. Stratos Wealth Partners LTD. now owns 64,613 shares of the transportation company’s stock valued at $8,809,000 after acquiring an additional 20,572 shares in the last quarter. Finally, Richard W. Paul & Associates LLC increased its position in United Parcel Service by 89.4% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 7,254 shares of the transportation company’s stock worth $989,000 after purchasing an additional 3,424 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Stifel Nicolaus decreased their target price on shares of 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. Citigroup started coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Robert W. Baird decreased their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Price Performance

NYSE UPS opened at $135.94 on Friday. The stock has a market capitalization of $116.44 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.98 and a beta of 0.99. 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 business’s fifty day moving average is $130.21 and its two-hundred day moving average is $136.66. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.54 earnings per share. On average, research analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 106.36%.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.