ARQ Wealth Advisors LLC Takes $591,000 Position in United Parcel Service, Inc. $UPS

ARQ Wealth Advisors LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,072 shares of the transportation company’s stock, valued at approximately $591,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $277,000. SVB Wealth LLC purchased a new position in United Parcel Service during the second quarter worth approximately $848,000. Avantax Advisory Services Inc. lifted its position in United Parcel Service by 14.6% during the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock worth $9,525,000 after buying an additional 12,035 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in United Parcel Service by 20.1% during the second quarter. Kingsview Wealth Management LLC now owns 38,685 shares of the transportation company’s stock worth $3,905,000 after buying an additional 6,480 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.4%

NYSE:UPS opened at $97.79 on Wednesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The stock has a market cap of $83.03 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.53 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50-day simple moving average of $109.81 and a 200-day simple moving average of $98.17.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.18. The business 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 business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $2.75 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.7%. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Citigroup cut their price target on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Sanford C. Bernstein lifted their price target on shares of United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Finally, Oppenheimer upped their price objective on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $113.67.

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.