Beacon Harbor Wealth Advisors Inc. Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Beacon Harbor Wealth Advisors Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS) by 22.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 51,442 shares of the transportation company’s stock after buying an additional 9,451 shares during the quarter. United Parcel Service comprises 1.7% of Beacon Harbor Wealth Advisors Inc.’s holdings, making the stock its 24th largest position. Beacon Harbor Wealth Advisors Inc.’s holdings in United Parcel Service were worth $7,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service during the 2nd quarter worth approximately $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service in the second quarter worth $32,000. Centerpoint Advisors LLC increased its stake in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares during the last quarter. Finally, PSI Advisors LLC grew its holdings in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. BMO Capital Markets cut 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 note on Wednesday, July 24th. Bank of America increased their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. TD Cowen assumed coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Stephens reduced their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Trading Up 0.2 %

Shares of UPS stock opened at $134.17 on Friday. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a market capitalization of $114.93 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The stock has a fifty day moving average of $131.83 and a two-hundred day moving average of $135.39. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.86%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.