Financial Enhancement Group LLC Purchases Shares of 1,697 United Parcel Service, Inc. (NYSE:UPS)

Financial Enhancement Group LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,697 shares of the transportation company’s stock, valued at approximately $212,000.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. PSI Advisors LLC boosted its position in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Princeton Global Asset Management LLC boosted its position in shares of United Parcel Service by 720.0% during the 3rd 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 last quarter. FSA Wealth Management LLC purchased a new position in shares of United Parcel Service in the third quarter valued at $36,000. Finally, Winch Advisory Services LLC increased its position in United Parcel Service by 98.8% in the fourth quarter. Winch Advisory Services LLC now owns 322 shares of the transportation company’s stock worth $41,000 after purchasing an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on shares of 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. Barclays reaffirmed an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. UBS Group upped their target price on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup lowered their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.10.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 45,098 shares in the company, 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 document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

UPS opened at $127.42 on Thursday. The company has a market cap of $108.74 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm’s 50-day moving average price is $129.22 and its 200-day moving average price is $131.01. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm 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 firm earned $1.57 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.12%. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.