Elevated Capital Advisors LLC Acquires 417 Shares of United Parcel Service, Inc. (NYSE:UPS)

Elevated Capital Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,855 shares of the transportation company’s stock after buying an additional 417 shares during the quarter. Elevated Capital Advisors LLC’s holdings in United Parcel Service were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC grew its position in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. PSI Advisors LLC lifted its position in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the period. FSA Wealth Management LLC purchased a new stake in United Parcel Service in the third quarter worth about $36,000. Finally, Capital Performance Advisors LLP bought a new position in shares of United Parcel Service in the third quarter worth about $54,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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 business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $125.14 on Tuesday. The firm has a fifty day simple moving average of $129.38 and a two-hundred day simple moving average of $131.08. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $106.79 billion, a P/E ratio of 18.90, a PEG ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a 52 week low of $121.56 and a 52 week high of $161.35.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.21%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent research reports. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price objective on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their target price on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Oppenheimer increased their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus boosted their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.10.

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.