Teamwork Financial Advisors LLC Takes $855,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Teamwork Financial Advisors LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, Holdings Channel reports. The firm bought 6,270 shares of the transportation company’s stock, valued at approximately $855,000.

Other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service during the 2nd quarter worth about $28,000. Stephens Consulting LLC lifted its position in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. Riverview Trust Co bought a new position in shares of United Parcel Service during the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC increased its holdings in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in United Parcel Service by 1,933.3% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 244 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 232 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on UPS. Oppenheimer decreased their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Citigroup started coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target on the stock. Evercore ISI cut their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. TD Cowen initiated coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. Finally, Robert W. Baird dropped their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. This represents a 3,100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $135.44 on Friday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock’s 50-day simple moving average is $130.01 and its 200 day simple moving average is $136.74. The firm has a market capitalization of $116.02 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly 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 net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the previous year, the business posted $2.54 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 7.43 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 paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

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.