Wealth Alliance Advisory Group LLC Buys Shares of 4,609 United Parcel Service, Inc. (NYSE:UPS)

Wealth Alliance Advisory Group LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,609 shares of the transportation company’s stock, valued at approximately $628,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Embree Financial Group bought a new position in United Parcel Service in the third quarter valued at $325,000. Bonness Enterprises Inc. boosted its stake in shares of United Parcel Service by 14.0% during the 3rd quarter. Bonness Enterprises Inc. now owns 17,050 shares of the transportation company’s stock worth $2,325,000 after buying an additional 2,100 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of United Parcel Service by 22.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 616,317 shares of the transportation company’s stock valued at $84,029,000 after acquiring an additional 111,821 shares in the last quarter. NovaPoint Capital LLC increased its position in shares of United Parcel Service by 9.8% in the third quarter. NovaPoint Capital LLC now owns 1,674 shares of the transportation company’s stock valued at $228,000 after acquiring an additional 150 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its holdings in United Parcel Service by 4.5% during the third quarter. First Citizens Bank & Trust Co. now owns 8,062 shares of the transportation company’s stock worth $1,099,000 after acquiring an additional 346 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. This trade represents a 3,100.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Performance

UPS opened at $135.93 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm has a market cap of $116.30 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The business’s fifty day moving average is $130.21 and its 200-day moving average is $136.57.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.54 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. United Parcel Service’s payout ratio is 94.49%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UPS. BMO Capital Markets dropped their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Citigroup assumed coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price on the stock. UBS Group dropped their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group reduced their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.24.

About United Parcel Service

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.