Latitude Advisors LLC Purchases 120 Shares of United Parcel Service, Inc. (NYSE:UPS)

Latitude Advisors LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,940 shares of the transportation company’s stock after purchasing an additional 120 shares during the period. Latitude Advisors LLC’s holdings in United Parcel Service were worth $245,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. True Wealth Design LLC raised its stake in United Parcel Service by 397.7% in the third 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. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake 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 worth $34,000 after purchasing an additional 216 shares during the last quarter. PSI Advisors LLC boosted 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. Finally, FSA Wealth Management LLC purchased a new position in United Parcel Service in the third quarter valued at about $36,000. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at $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 is available at this link. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Price Performance

NYSE:UPS opened at $114.18 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a 50 day moving average price of $125.95 and a 200-day moving average price of $129.25. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The firm has a market cap of $97.43 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the business earned $2.47 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.75%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 96.45%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UPS shares. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Morgan Stanley reduced their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company dropped their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Barclays reiterated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.73.

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.