Avion Wealth Acquires 415 Shares of United Parcel Service, Inc. (NYSE:UPS)

Avion Wealth lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1,152.8% during the 4th quarter, Holdings Channel reports. The firm owned 451 shares of the transportation company’s stock after purchasing an additional 415 shares during the period. Avion Wealth’s holdings in United Parcel Service were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in UPS. IFS Advisors LLC increased its holdings in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC increased its holdings in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. PSI Advisors LLC increased its holdings in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC increased its holdings in shares of United Parcel Service by 720.0% during the third 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 during the period. Finally, FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter worth approximately $36,000. 60.26% of the stock is owned by institutional investors.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UPS has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Morgan Stanley reduced their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Finally, Raymond James reduced their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Trading Up 0.3 %

UPS opened at $114.49 on Wednesday. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. 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 has a market cap of $97.70 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. The company has a fifty day moving average price of $125.55 and a two-hundred day moving average price of $129.16.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 period in the prior year, the company earned $2.47 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.99 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.73%. United Parcel Service’s payout ratio is presently 96.45%.

United Parcel Service 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.