Brighton Jones LLC Raises Position in United Parcel Service, Inc. (NYSE:UPS)

Brighton Jones LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 63.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,126 shares of the transportation company’s stock after buying an additional 4,723 shares during the quarter. Brighton Jones LLC’s holdings in United Parcel Service were worth $1,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. IFS Advisors LLC grew its holdings in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC grew its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares in the last quarter. PSI Advisors LLC grew its stake in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of United Parcel Service during the 3rd quarter valued at $36,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

UPS opened at $132.98 on Friday. The stock’s 50 day moving average price is $128.97 and its 200-day moving average price is $130.84. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35. The stock has a market capitalization of $113.48 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period last year, the company posted $1.57 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.90%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analyst Weigh In

A number of research firms recently commented on UPS. UBS Group increased their target price on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, January 16th. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

Insider Buying and Selling 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 on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

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.