IFP Advisors Inc Purchases 8,699 Shares of United Parcel Service, Inc. $UPS

IFP Advisors Inc increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 29.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,678 shares of the transportation company’s stock after purchasing an additional 8,699 shares during the period. IFP Advisors Inc’s holdings in United Parcel Service were worth $3,235,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of UPS. CFS Investment Advisory Services LLC lifted its position 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 worth $372,000 after purchasing an additional 108 shares during the period. Center for Financial Planning Inc. increased its holdings 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 valued at $214,000 after buying an additional 112 shares during the period. Regal Investment Advisors LLC raised its stake in shares of United Parcel Service by 1.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 7,129 shares of the transportation company’s stock valued at $596,000 after buying an additional 114 shares in the last quarter. Wealth Advisory Solutions LLC raised its stake in shares of 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 valued at $431,000 after buying an additional 118 shares in the last quarter. Finally, Winch Advisory Services LLC lifted its holdings in shares of United Parcel Service by 37.3% during the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after acquiring an additional 124 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UPS. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their price target on shares of United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. UBS Group raised 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. Susquehanna lifted their price objective on United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned 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 Stock Down 0.6%

NYSE UPS opened at $95.94 on Friday. The stock has a market capitalization of $81.46 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.52 and a beta of 1.08. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. 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 fifty day moving average of $109.19 and a 200-day moving average of $98.20.

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

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is 100.00%.

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.