United Parcel Service, Inc. (NYSE:UPS) Stake Raised by Yarger Wealth Strategies LLC

Yarger Wealth Strategies LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,876 shares of the transportation company’s stock after acquiring an additional 120 shares during the period. Yarger Wealth Strategies LLC’s holdings in United Parcel Service were worth $363,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UPS. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after buying an additional 14,539,321 shares in the last quarter. Marshall Wace LLP grew its position in shares of United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after buying an additional 1,901,914 shares during the period. Two Sigma Advisers LP raised its stake in United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after buying an additional 1,851,900 shares during the period. Van ECK Associates Corp raised its holdings in United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after buying an additional 1,320,921 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UPS. Evercore ISI boosted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Stifel Nicolaus raised their price target on shares of 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, five have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $151.10.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $129.97 on Friday. United Parcel Service, Inc. has a one year low of $121.56 and a one year high of $161.35. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The company’s fifty day moving average price is $129.09 and its 200-day moving average price is $130.98. The company has a market capitalization of $110.91 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.