Rovin Capital UT ADV Has $600,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Rovin Capital UT ADV lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 85.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,757 shares of the transportation company’s stock after purchasing an additional 2,195 shares during the quarter. Rovin Capital UT ADV’s holdings in United Parcel Service were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s 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 transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was 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 hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. Oppenheimer raised their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Evercore ISI boosted their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group lowered their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. UBS Group boosted their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price target on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.10.

United Parcel Service Stock Up 1.3 %

UPS opened at $127.42 on Thursday. The company has a market capitalization of $108.74 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s fifty day moving average price is $129.22 and its two-hundred day moving average price is $131.01. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35.

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 return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter last year, the company earned $1.57 EPS. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.12%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.