U.S. Capital Wealth Advisors LLC Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

U.S. Capital Wealth Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,415 shares of the transportation company’s stock after purchasing an additional 11,819 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in United Parcel Service were worth $15,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UPS. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the second quarter worth $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Stephens Consulting LLC raised its stake in United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS traded down $0.32 during mid-day trading on Wednesday, reaching $131.01. The company’s stock had a trading volume of 989,503 shares, compared to its average volume of 4,168,082. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market cap of $112.22 billion, a P/E ratio of 21.37, a PEG ratio of 2.00 and a beta of 0.99. The firm’s fifty day moving average price is $130.44 and its two-hundred day moving average price is $136.19. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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 net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the company earned $2.54 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.98%. United Parcel Service’s payout ratio is 106.36%.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were 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 of the company’s stock, valued at approximately $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 the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Citigroup began coverage on United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price on the stock. Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research note on Monday. Stephens lowered their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets reduced their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Finally, Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.