Wealthsource Partners LLC Acquires 109 Shares of United Parcel Service, Inc. (NYSE:UPS)

Wealthsource Partners LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 5.8% in the third quarter, HoldingsChannel.com reports. The firm owned 1,991 shares of the transportation company’s stock after purchasing an additional 109 shares during the quarter. Wealthsource Partners LLC’s holdings in United Parcel Service were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of UPS. Coston McIsaac & Partners bought a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $26,000. Worth Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter worth approximately $27,000. Winch Advisory Services LLC lifted its holdings in shares of United Parcel Service by 334.1% during the 2nd quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company’s stock worth $33,000 after acquiring an additional 137 shares during the period. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of United Parcel Service by 39.4% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 276 shares of the transportation company’s stock worth $45,000 after acquiring an additional 78 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of United Parcel Service during the 3rd quarter worth approximately $45,000. Institutional investors own 58.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Laura J. Lane sold 14,617 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $178.16, for a total transaction of $2,604,164.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Brian Newman sold 19,000 shares of the stock in a transaction on Friday, February 17th. The shares were sold at an average price of $182.46, for a total transaction of $3,466,740.00. Following the transaction, the chief financial officer now directly owns 11,677 shares of the company’s stock, valued at $2,130,585.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura J. Lane sold 14,617 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $178.16, for a total transaction of $2,604,164.72. The disclosure for this sale can be found here. Insiders have sold a total of 54,341 shares of company stock valued at $9,848,061 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on UPS shares. JPMorgan Chase & Co. set a $181.00 price target on shares of United Parcel Service in a report on Tuesday, January 31st. BMO Capital Markets upped their price objective on shares of United Parcel Service from $175.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 1st. Susquehanna upped their price objective on shares of United Parcel Service from $165.00 to $180.00 in a research report on Wednesday, February 1st. KeyCorp upped their price objective on shares of United Parcel Service from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday, March 10th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $193.54.

United Parcel Service Trading Up 1.6 %

UPS opened at $185.06 on Wednesday. United Parcel Service, Inc. has a twelve month low of $154.87 and a twelve month high of $223.97. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average of $182.50 and a 200-day moving average of $178.38. The stock has a market cap of $158.92 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08.

United Parcel Service (NYSE:UPSGet Rating) last posted its quarterly earnings data on Tuesday, January 31st. The transportation company reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.03. United Parcel Service had a net margin of 11.51% and a return on equity of 66.10%. The company had revenue of $27 billion during the quarter, compared to analysts’ expectations of $28.03 billion. During the same period in the prior year, the company posted $3.59 earnings per share. United Parcel Service’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 11.5 EPS for the current year.

United Parcel Service declared that its board has authorized a share repurchase plan on Tuesday, January 31st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 21st were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, February 17th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.52. This represents a $6.48 annualized dividend and a yield of 3.50%. United Parcel Service’s dividend payout ratio is currently 49.09%.

United Parcel Service Profile

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United Parcel Service, Inc is a package delivery company, which engages in the provision of global supply chain management solutions. It operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain Solutions. The U.S. Domestic Package segment includes time-definite delivery of letters, documents, and packages.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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