Financial Advocates Investment Management Has $1.12 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Financial Advocates Investment Management grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 112.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,242 shares of the transportation company’s stock after purchasing an additional 4,368 shares during the period. Financial Advocates Investment Management’s holdings in United Parcel Service were worth $1,124,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Cornerstone Wealth Group LLC lifted its holdings in shares of United Parcel Service by 9.4% in the third quarter. Cornerstone Wealth Group LLC now owns 3,190 shares of the transportation company’s stock worth $435,000 after acquiring an additional 273 shares during the last quarter. TNF LLC bought a new position in United Parcel Service in the 3rd quarter valued at approximately $214,000. SteelPeak Wealth LLC boosted its position in United Parcel Service by 881.7% in the third quarter. SteelPeak Wealth LLC now owns 31,769 shares of the transportation company’s stock valued at $4,331,000 after buying an additional 28,533 shares in the last quarter. Diversify Wealth Management LLC grew its stake in shares of United Parcel Service by 13.0% during the third quarter. Diversify Wealth Management LLC now owns 15,142 shares of the transportation company’s stock worth $1,990,000 after buying an additional 1,743 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of United Parcel Service by 14.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 104,731 shares of the transportation company’s stock valued at $14,279,000 after acquiring an additional 13,473 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.0 %

Shares of United Parcel Service stock opened at $134.05 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $131.51 and a 200 day simple moving average of $135.63. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market capitalization of $114.82 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the firm earned $1.57 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stephens lowered their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group dropped their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Oppenheimer boosted their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company raised their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, UBS Group boosted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus price target of $151.71.

United Parcel Service 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.