10,172 Shares in United Parcel Service, Inc. $UPS Bought by VCI Wealth Management LLC

VCI Wealth Management LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to its most recent filing with the SEC. The firm acquired 10,172 shares of the transportation company’s stock, valued at approximately $850,000.

Other large investors also recently bought and sold shares of the company. Andra AP fonden boosted its stake in shares of United Parcel Service by 95.9% in the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock valued at $33,611,000 after buying an additional 163,000 shares in the last quarter. BLVD Private Wealth LLC acquired a new stake in United Parcel Service in the second quarter valued at $1,479,000. Avantax Advisory Services Inc. lifted its holdings in United Parcel Service by 14.6% in the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock valued at $9,525,000 after acquiring an additional 12,035 shares during the period. Equity Investment Corp boosted its position in shares of United Parcel Service by 16.8% during the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock worth $114,118,000 after purchasing an additional 162,364 shares in the last quarter. Finally, Cowa LLC grew its stake in shares of United Parcel Service by 329.2% during the 2nd quarter. Cowa LLC now owns 8,785 shares of the transportation company’s stock worth $887,000 after purchasing an additional 6,738 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $100.58 on Friday. The stock’s 50 day moving average price is $95.27 and its 200 day moving average price is $92.91. The firm has a market cap of $85.33 billion, a P/E ratio of 15.54, a PEG ratio of 2.40 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $136.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter last year, the business posted $1.76 earnings per share. United Parcel Service’s revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio is 101.39%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UPS shares. Citigroup raised their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Stifel Nicolaus upped their price target on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Stephens raised United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.09.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.