Private Advisor Group LLC Has $21.33 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Private Advisor Group LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,527 shares of the transportation company’s stock after selling 13,455 shares during the quarter. Private Advisor Group LLC’s holdings in United Parcel Service were worth $21,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UPS. Rational Advisors LLC raised its holdings in United Parcel Service by 126.4% during the 4th quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock worth $26,000 after purchasing an additional 67 shares during the last quarter. DB Fitzpatrick & Co Inc acquired a new stake in shares of United Parcel Service during the fourth quarter worth $28,000. Curi Wealth Management LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $28,000. Steward Financial Group LLC acquired a new stake in United Parcel Service in the fourth quarter worth $32,000. Finally, PSI Advisors LLC acquired a new stake in United Parcel Service in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 57.85% of the company’s stock.

Shares of NYSE:UPS traded up $2.25 during midday trading on Tuesday, reaching $182.02. The company’s stock had a trading volume of 19,843 shares, compared to its average volume of 3,944,795. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.28. The stock has a fifty day moving average of $197.05 and a 200 day moving average of $205.38. United Parcel Service, Inc. has a twelve month low of $173.19 and a twelve month high of $233.72. The firm has a market capitalization of $159.04 billion, a PE ratio of 14.68, a P/E/G ratio of 1.55 and a beta of 1.16.

United Parcel Service (NYSE:UPSGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.17. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The company had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.80 billion. During the same period last year, the firm earned $2.77 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that United Parcel Service, Inc. will post 12.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be issued a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, May 13th. United Parcel Service’s dividend payout ratio (DPR) is presently 49.63%.

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group decreased their price target on shares of United Parcel Service from $263.00 to $226.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Berenberg Bank set a $200.00 price objective on United Parcel Service in a research note on Tuesday, April 26th. Wells Fargo & Company raised their target price on United Parcel Service from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 2nd. Sanford C. Bernstein set a $272.00 price objective on shares of United Parcel Service in a research note on Friday, March 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of United Parcel Service from $221.00 to $216.00 and set a “hold” rating for the company in a report on Wednesday, February 2nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $225.04.

In other United Parcel Service news, insider Philippe R. Gilbert sold 3,897 shares of the stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $215.37, for a total transaction of $839,296.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura J. Lane sold 6,988 shares of the stock in a transaction on Friday, February 18th. The shares were sold at an average price of $208.28, for a total transaction of $1,455,460.64. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

United Parcel Service Profile (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related 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.

See Also

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

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