B. Riley Wealth Advisors Inc. Invests $1.19 Million in United Parcel Service, Inc. $UPS

B. Riley Wealth Advisors Inc. bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,766 shares of the transportation company’s stock, valued at approximately $1,188,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Brighton Jones LLC raised its holdings in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of United Parcel Service by 7.7% during the first quarter. EverSource Wealth Advisors LLC now owns 4,184 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 299 shares during the period. Ethic Inc. lifted its position in shares of United Parcel Service by 4.4% during the first quarter. Ethic Inc. now owns 27,535 shares of the transportation company’s stock worth $3,008,000 after purchasing an additional 1,170 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of United Parcel Service by 2.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 72,174 shares of the transportation company’s stock valued at $7,938,000 after purchasing an additional 1,786 shares during the period. Finally, Versor Investments LP purchased a new position in shares of United Parcel Service in the first quarter valued at $344,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UPS shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. UBS Group boosted their price target on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Wells Fargo & Company lifted their price objective on United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $110.00.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $100.21 on Tuesday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $136.99. The company has a market cap of $85.02 billion, a PE ratio of 15.49, a P/E/G ratio of 2.41 and a beta of 1.11. The stock has a 50 day simple moving average of $92.67 and a 200-day simple moving average of $92.66. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm had revenue of $21.42 billion for the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the previous year, the business earned $1.76 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio is currently 101.39%.

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.