Flavin Financial Services Inc. Acquires 6,629 Shares of United Parcel Service, Inc. $UPS

Flavin Financial Services Inc. boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 54.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,779 shares of the transportation company’s stock after purchasing an additional 6,629 shares during the quarter. Flavin Financial Services Inc.’s holdings in United Parcel Service were worth $1,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in United Parcel Service by 0.6% in the third quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company’s stock worth $5,619,730,000 after purchasing an additional 372,850 shares in the last quarter. State Street Corp raised its stake in shares of United Parcel Service by 1.5% in the second quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock worth $3,106,381,000 after acquiring an additional 444,384 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after purchasing an additional 746,667 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of United Parcel Service by 4.8% during the second quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock valued at $1,675,733,000 after purchasing an additional 762,407 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $851,842,000. Institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Down 1.7%

Shares of UPS stock opened at $102.35 on Monday. The firm has a fifty day moving average of $110.08 and a 200-day moving average of $97.61. The company has a market capitalization of $86.91 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.62 and a beta of 1.08. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $123.70.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The company had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 earnings per share. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.4%. United Parcel Service’s payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus increased their price objective on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company upped their price target on United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised their target price on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. UBS Group boosted their price target on shares of United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane lowered shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective on the stock. in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $113.67.

United Parcel Service 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.