Pinkerton Wealth LLC Buys 13,952 Shares of United Parcel Service, Inc. $UPS

Pinkerton Wealth LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 34.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 54,339 shares of the transportation company’s stock after buying an additional 13,952 shares during the quarter. Pinkerton Wealth LLC’s holdings in United Parcel Service were worth $4,539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. Evelyn Partners Investment Management Europe Ltd lifted its position in United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 131 shares during the last quarter. Salzhauer Michael purchased a new stake in shares of United Parcel Service during the third quarter valued at approximately $31,000. Physician Wealth Advisors Inc. grew its holdings in shares of United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after purchasing an additional 163 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of United Parcel Service in the second quarter worth $34,000. Finally, Avion Wealth increased its stake in shares of United Parcel Service by 284.1% in the third quarter. Avion Wealth now owns 434 shares of the transportation company’s stock worth $36,000 after buying an additional 321 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction dated Wednesday, January 28th. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent analyst reports. UBS Group increased their price target on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Stifel Nicolaus boosted their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. TD Cowen upped their price objective 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. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 6th. Finally, Stephens raised their target price on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Two equities research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $113.67.

United Parcel Service Stock Performance

NYSE:UPS opened at $99.87 on Tuesday. The stock has a market cap of $84.80 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The firm’s fifty day simple moving average is $110.09 and its 200 day simple moving average is $97.71. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $123.70. 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 (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the firm earned $2.75 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio is presently 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.