Leo Wealth LLC Has $437,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Leo Wealth LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 59.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,204 shares of the transportation company’s stock after buying an additional 1,197 shares during the period. Leo Wealth LLC’s holdings in United Parcel Service were worth $437,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Elevated Capital Advisors LLC grew its holdings in United Parcel Service by 10.8% during the first quarter. Elevated Capital Advisors LLC now owns 3,481 shares of the transportation company’s stock worth $517,000 after purchasing an additional 338 shares during the period. Future Financial Wealth Managment LLC acquired a new position in United Parcel Service in the 1st quarter valued at about $111,000. St. Johns Investment Management Company LLC increased its stake in shares of United Parcel Service by 58.8% during the first quarter. St. Johns Investment Management Company LLC now owns 4,466 shares of the transportation company’s stock worth $664,000 after purchasing an additional 1,654 shares during the period. Corundum Group Inc. boosted its stake in United Parcel Service by 73.7% in the 1st quarter. Corundum Group Inc. now owns 7,309 shares of the transportation company’s stock valued at $1,086,000 after purchasing an additional 3,102 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of United Parcel Service by 0.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 45,672 shares of the transportation company’s stock worth $6,788,000 after buying an additional 292 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 $131.33 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $112.49 billion, a PE ratio of 21.42, a PEG ratio of 2.00 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The stock’s fifty day moving average price is $130.44 and its two-hundred day moving average price is $136.19.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the business earned $2.54 EPS. United Parcel Service’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.44 EPS for the current 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 paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. United Parcel Service’s dividend payout ratio is 106.36%.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought 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 owns 5,160 shares in the company, valued at $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UPS. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Bank of America reduced their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, BMO Capital Markets dropped their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $151.05.

About United Parcel Service

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.