Armstrong Advisory Group Inc. Has $3.97 Million Stock Holdings in United Parcel Service, Inc. $UPS

Armstrong Advisory Group Inc. lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,566 shares of the transportation company’s stock after selling 7,029 shares during the period. Armstrong Advisory Group Inc.’s holdings in United Parcel Service were worth $3,973,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in UPS. Evelyn Partners Investment Management Europe Ltd increased its holdings in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in shares of United Parcel Service during the 2nd quarter worth about $26,000. Saudi Central Bank bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $32,000. Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the 1st quarter valued at about $33,000. Finally, RMG Wealth Management LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.9%

UPS opened at $101.00 on Thursday. The company’s 50 day moving average is $93.25 and its 200-day moving average is $92.74. The company has a market cap of $85.68 billion, a P/E ratio of 15.61, a PEG ratio of 2.39 and a beta of 1.11. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $20.94 billion. During the same period in the prior year, the company earned $1.76 EPS. United Parcel Service’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price objective on United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday. Stephens upgraded United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Truist Financial lifted their target price on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Finally, Bank of America lowered their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.09.

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.