Elevated Capital Advisors LLC Buys 417 Shares of United Parcel Service, Inc. (NYSE:UPS)

Elevated Capital Advisors LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,855 shares of the transportation company’s stock after acquiring an additional 417 shares during the quarter. Elevated Capital Advisors LLC’s holdings in United Parcel Service were worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of UPS. True Wealth Design LLC increased its stake in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the period. PSI Advisors LLC grew its holdings in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares during the period. FSA Wealth Management LLC bought a new position in shares of United Parcel Service during the third quarter valued at about $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of United Parcel Service during the third quarter worth about $54,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 1.5 %

Shares of United Parcel Service stock opened at $125.14 on Tuesday. The company has a 50-day simple moving average of $129.38 and a two-hundred day simple moving average of $131.08. The stock has a market capitalization of $106.79 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week 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.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the business earned $1.57 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.21%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UPS has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Evercore ISI raised their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company cut 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. UBS Group upped their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Oppenheimer boosted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

About United Parcel Service

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.