Advisors Asset Management Inc. Boosts Stock Position in United Parcel Service, Inc. $UPS

Advisors Asset Management Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 293,909 shares of the transportation company’s stock after buying an additional 29,377 shares during the period. United Parcel Service comprises 0.4% of Advisors Asset Management Inc.’s investment portfolio, making the stock its 29th largest position. Advisors Asset Management Inc.’s holdings in United Parcel Service were worth $24,550,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Wealth Group LLC grew its holdings in United Parcel Service by 3.9% during the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after acquiring an additional 97 shares during the period. CFS Investment Advisory Services LLC lifted its holdings in United Parcel Service by 2.6% in the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock valued at $372,000 after acquiring an additional 108 shares during the period. Center for Financial Planning Inc. boosted its position in United Parcel Service by 4.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock worth $214,000 after purchasing an additional 112 shares in the last quarter. Wealth Advisory Solutions LLC boosted its position in United Parcel Service by 2.3% in the 3rd quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock worth $431,000 after purchasing an additional 118 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in shares of United Parcel Service by 14.8% during the 2nd quarter. Westside Investment Management Inc. now owns 960 shares of the transportation company’s stock worth $97,000 after purchasing an additional 124 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.7%

UPS opened at $118.76 on Wednesday. The company has a market cap of $100.75 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $123.70. The company has a 50-day moving average price of $104.63 and a 200 day moving average price of $94.23. The company has a quick ratio of 1.30, a current ratio of 1.22 and a debt-to-equity ratio of 1.45.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the business earned $2.75 EPS. United Parcel Service’s quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

UPS has been the subject of several analyst reports. TD Cowen boosted their target price on shares of United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein lifted their price objective on shares of United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Stephens upped their price objective on shares of United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Susquehanna upped their price objective on shares of United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Finally, Citigroup dropped their target price on United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $113.67.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.