Arkfeld Wealth Strategies L.L.C. Has $4.16 Million Position in United Parcel Service, Inc. $UPS

Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.2% in the third quarter, HoldingsChannel.com reports. The firm owned 47,897 shares of the transportation company’s stock after buying an additional 4,437 shares during the period. United Parcel Service comprises 1.5% of Arkfeld Wealth Strategies L.L.C.’s holdings, making the stock its 17th largest position. Arkfeld Wealth Strategies L.L.C.’s holdings in United Parcel Service were worth $4,157,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Evelyn Partners Investment Management Europe Ltd increased its holdings in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in United Parcel Service in the 2nd quarter valued at $26,000. Salzhauer Michael bought a new position in United Parcel Service during the 3rd quarter valued at $31,000. Physician Wealth Advisors Inc. lifted its stake in United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in United Parcel Service during the 2nd quarter worth $34,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $117.36 on Friday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $123.70. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.30. The stock’s fifty day moving average price is $103.72 and its two-hundred day moving average price is $94.13. The firm has a market cap of $99.57 billion, a PE ratio of 17.89, a PEG ratio of 1.84 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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. 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 quarter last year, the firm posted $2.75 EPS. The firm’s revenue for the quarter was down 3.2% 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be given a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 5.6%. United Parcel Service’s payout ratio is 100.00%.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’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 value of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UPS shares. JPMorgan Chase & Co. raised their price target on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their target price on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. BNP Paribas Exane lowered United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a report on Tuesday, January 13th. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Stifel Nicolaus raised their target price 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. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average 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.