PSI Advisors LLC Acquires 1,207 Shares of United Parcel Service, Inc. (NYSE:UPS)

PSI Advisors LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 484.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,456 shares of the transportation company’s stock after acquiring an additional 1,207 shares during the period. PSI Advisors LLC’s holdings in United Parcel Service were worth $184,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after buying an additional 33,989 shares during the last quarter. Synovus Financial Corp grew its position in United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after acquiring an additional 6,941 shares in the last quarter. Van ECK Associates Corp increased its stake in United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after acquiring an additional 1,620,091 shares during the last quarter. Cohen Investment Advisors LLC raised its position in United Parcel Service by 26.4% during the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of United Parcel Service by 30.7% in the 4th quarter. Nordea Investment Management AB now owns 2,919,945 shares of the transportation company’s stock worth $367,300,000 after purchasing an additional 685,259 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Up 1.5 %

NYSE:UPS opened at $125.14 on Tuesday. The company has a 50-day moving average price of $129.38 and a 200-day moving average price of $131.08. The stock has a market cap of $106.79 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 2.11 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the business posted $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.21%. United Parcel Service’s payout ratio is 98.49%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America boosted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Oppenheimer increased their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Susquehanna boosted their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.10.

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.