Summit Financial Wealth Advisors LLC Buys 14,989 Shares of United Parcel Service, Inc. (NYSE:UPS)

Summit Financial Wealth Advisors LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 25.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,074 shares of the transportation company’s stock after acquiring an additional 14,989 shares during the period. United Parcel Service makes up approximately 1.9% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 16th biggest position. Summit Financial Wealth Advisors LLC’s holdings in United Parcel Service were worth $9,341,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Arete Wealth Advisors LLC increased its position in shares of United Parcel Service by 69.0% during the third quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company’s stock worth $2,591,000 after acquiring an additional 7,786 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of United Parcel Service by 18.9% in the third quarter. LRI Investments LLC now owns 825 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 131 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in United Parcel Service by 15.4% during the third quarter. Coldstream Capital Management Inc. now owns 13,027 shares of the transportation company’s stock worth $1,774,000 after buying an additional 1,742 shares in the last quarter. Toronto Dominion Bank raised its position in United Parcel Service by 52.8% in the 3rd quarter. Toronto Dominion Bank now owns 369,597 shares of the transportation company’s stock valued at $50,391,000 after buying an additional 127,734 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in United Parcel Service by 5.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 17,492 shares of the transportation company’s stock valued at $2,385,000 after acquiring an additional 862 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 3.3 %

NYSE UPS traded down $3.28 during trading on Thursday, hitting $96.38. 900,572 shares of the company’s stock traded hands, compared to its average volume of 4,766,818. The stock has a fifty day moving average of $112.70 and a two-hundred day moving average of $124.44. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42. The firm has a market cap of $82.33 billion, a P/E ratio of 14.26, a PEG ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the company posted $2.47 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

Analysts Set New Price Targets

A number of research firms recently weighed in on UPS. Susquehanna dropped their price target on shares of United Parcel Service from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 1st. Citigroup cut their target price on United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. UBS Group cut their price objective on United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Finally, Bank of America decreased their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.32.

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.