United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Lifted by IHT Wealth Management LLC

IHT Wealth Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 114.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,616 shares of the transportation company’s stock after acquiring an additional 4,590 shares during the quarter. IHT Wealth Management LLC’s holdings in United Parcel Service were worth $1,392,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Coston McIsaac & Partners acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $26,000. Worth Asset Management LLC purchased a new stake in United Parcel Service during the first quarter valued at about $27,000. Winch Advisory Services LLC boosted its holdings in shares of United Parcel Service by 334.1% in the second quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company’s stock worth $33,000 after buying an additional 137 shares during the period. Moisand Fitzgerald Tamayo LLC increased its position in shares of United Parcel Service by 39.4% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 276 shares of the transportation company’s stock worth $45,000 after acquiring an additional 78 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of United Parcel Service during the third quarter valued at approximately $45,000. 58.92% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS opened at $187.92 on Friday. The company’s fifty day moving average is $182.93 and its 200-day moving average is $178.49. United Parcel Service, Inc. has a 12 month low of $154.87 and a 12 month high of $223.97. The firm has a market cap of $161.37 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.87.

United Parcel Service (NYSE:UPS – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The transportation company reported $3.62 EPS for the quarter, topping the consensus estimate of $3.59 by $0.03. The company had revenue of $27 billion for the quarter, compared to analyst estimates of $28.03 billion. United Parcel Service had a net margin of 11.51% and a return on equity of 66.10%. United Parcel Service’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.59 EPS. Equities analysts expect that United Parcel Service, Inc. will post 11.5 EPS for the current fiscal year.

United Parcel Service declared that its board has approved a stock repurchase plan on Tuesday, January 31st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the transportation company to buy up to 3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 21st were issued a dividend of $1.62 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.52. This represents a $6.48 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, February 17th. United Parcel Service’s dividend payout ratio is currently 49.09%.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 20,724 shares of the company’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $182.26, for a total transaction of $3,777,156.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Brian Newman sold 19,000 shares of the business’s stock in a transaction dated 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 owns 11,677 shares in the company, valued at approximately $2,130,585.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Norman M. Brothers, Jr. sold 20,724 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $182.26, for a total transaction of $3,777,156.24. The disclosure for this sale can be found here. In the last three months, insiders sold 54,341 shares of company stock valued at $9,848,061. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UPS. Raymond James decreased their price objective on shares of United Parcel Service from $210.00 to $207.00 and set a “strong-buy” rating for the company in a research note on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the company from $197.00 to $220.00 in a report on Monday, November 28th. BMO Capital Markets increased their price objective on United Parcel Service from $175.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 1st. Evercore ISI lifted their target price on United Parcel Service from $181.00 to $203.00 and gave the company an “in-line” rating in a research note on Monday, December 19th. Finally, StockNews.com raised 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $193.54.

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.