United Parcel Service, Inc. (NYSE:UPS) Stake Increased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,579 shares of the transportation company’s stock after buying an additional 401 shares during the period. United Parcel Service comprises approximately 0.3% of Moss Adams Wealth Advisors LLC’s portfolio, making the stock its 27th biggest position. Moss Adams Wealth Advisors LLC’s holdings in United Parcel Service were worth $3,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UPS. IFS Advisors LLC grew its position in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% during the 3rd 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 period. PSI Advisors LLC grew its holdings 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 in the last quarter. Princeton Global Asset Management LLC increased its stake 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 worth $34,000 after acquiring an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the third quarter worth $36,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $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 accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $129.77 on Friday. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. The company has a market cap of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The business’s 50 day moving average is $128.95 and its two-hundred day moving average is $130.93. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Oppenheimer increased their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.10.

United Parcel Service Company 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.