Resonant Capital Advisors LLC Has $1.39 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Resonant Capital Advisors LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,054 shares of the transportation company’s stock after buying an additional 159 shares during the quarter. Resonant Capital Advisors LLC’s holdings in United Parcel Service were worth $1,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. True Wealth Design LLC increased its position in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. IFS Advisors LLC increased its position in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. Princeton Global Asset Management LLC increased its position in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares in the last quarter. PSI Advisors LLC increased its position 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 purchasing an additional 200 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in United Parcel Service during the 3rd quarter worth approximately $36,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the 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 completion of the sale, the insider now owns 45,098 shares in the company, valued at $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 SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

UPS opened at $114.19 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company’s fifty day moving average price is $128.31 and its two-hundred day moving average price is $130.16. United Parcel Service, Inc. has a 1-year low of $109.62 and a 1-year high of $158.95. The company has a market cap of $97.45 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.63 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the business earned $2.47 EPS. On average, analysts expect that United Parcel Service, Inc. will post 8.61 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.71%. United Parcel Service’s dividend payout ratio is currently 96.45%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research analyst reports. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $160.00 to $130.00 in a research report on Friday. The Goldman Sachs Group decreased their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday. Citigroup decreased their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, UBS Group decreased their price target on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.95.

United Parcel Service Company 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.