Aptus Capital Advisors LLC Buys 2,841 Shares of United Parcel Service, Inc. (NYSE:UPS)

Aptus Capital Advisors LLC increased its holdings in United Parcel Service, Inc. (NYSE:UPSFree Report) by 50.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,433 shares of the transportation company’s stock after purchasing an additional 2,841 shares during the period. Aptus Capital Advisors LLC’s holdings in United Parcel Service were worth $1,314,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. MWA Asset Management bought a new stake in United Parcel Service in the 3rd quarter worth approximately $2,125,000. Ergoteles LLC bought a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $8,571,000. Telos Capital Management Inc. increased its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after purchasing an additional 740 shares during the last quarter. State Street Corp increased its position in shares of United Parcel Service by 1.3% during the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock valued at $5,082,594,000 after purchasing an additional 357,974 shares during the last quarter. Finally, ING Groep NV increased its position in shares of United Parcel Service by 289.9% during the 3rd quarter. ING Groep NV now owns 60,201 shares of the transportation company’s stock valued at $9,384,000 after purchasing an additional 44,760 shares during the last quarter. 58.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UPS shares. Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Raymond James lowered their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. Stifel Nicolaus upped their target price on United Parcel Service from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. BMO Capital Markets lowered their target price on United Parcel Service from $165.00 to $160.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Finally, TD Cowen lowered their target price on United Parcel Service from $175.00 to $147.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Sixteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $177.29.

Get Our Latest Stock Analysis on UPS

United Parcel Service Stock Down 1.1 %

Shares of UPS stock opened at $146.26 on Friday. The stock’s 50-day simple moving average is $155.48 and its 200-day simple moving average is $157.87. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.22 and a current ratio of 1.10. The firm has a market capitalization of $124.60 billion, a PE ratio of 18.78, a P/E/G ratio of 1.78 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company’s revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.62 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 8.31 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Tuesday, February 20th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.46%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend is Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is 83.18%.

Insider Buying and Selling

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

United Parcel Service Profile

(Free Report)

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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