Avion Wealth Has $56,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Avion Wealth lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1,152.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451 shares of the transportation company’s stock after acquiring an additional 415 shares during the quarter. Avion Wealth’s holdings in United Parcel Service were worth $56,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of UPS. AMF Tjanstepension AB raised its position in United Parcel Service by 39.7% in the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock worth $14,793,000 after purchasing an additional 30,815 shares during the last quarter. Exchange Traded Concepts LLC raised its position in United Parcel Service by 2,441.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 8,641 shares of the transportation company’s stock worth $1,178,000 after purchasing an additional 8,301 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in United Parcel Service by 7.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,163 shares of the transportation company’s stock worth $568,000 after purchasing an additional 292 shares during the last quarter. ORG Partners LLC raised its position in shares of United Parcel Service by 5.3% during the 3rd quarter. ORG Partners LLC now owns 3,390 shares of the transportation company’s stock valued at $463,000 after acquiring an additional 170 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of United Parcel Service during the 3rd quarter valued at $12,972,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on UPS. Loop Capital dropped their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Barclays reiterated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley lowered their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Trading Up 0.3 %

United Parcel Service stock opened at $114.49 on Wednesday. The firm has a 50-day moving average of $125.55 and a 200-day moving average of $129.16. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market cap of $97.70 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.50 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the business posted $2.47 earnings per share. On average, equities analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 96.45%.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.