FLC Capital Advisors Buys 6,159 Shares of United Parcel Service, Inc. $UPS

FLC Capital Advisors boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 44.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,976 shares of the transportation company’s stock after purchasing an additional 6,159 shares during the quarter. FLC Capital Advisors’ holdings in United Parcel Service were worth $1,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock worth $6,753,405,000 after buying an additional 768,912 shares during the last quarter. State Street Corp grew its position in United Parcel Service by 1.5% in the second quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock worth $3,106,381,000 after acquiring an additional 444,384 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 3.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock valued at $2,603,459,000 after acquiring an additional 746,667 shares during the last quarter. Geode Capital Management LLC raised its position in United Parcel Service by 4.8% during the second quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock valued at $1,675,733,000 after purchasing an additional 762,407 shares in the last quarter. Finally, Norges Bank purchased a new stake in United Parcel Service during the second quarter valued at about $851,842,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UPS shares. Citigroup upped their price objective on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Stephens upgraded United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Bank of America cut their target price on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus upped their price objective on shares of United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $110.09.

United Parcel Service Stock Performance

Shares of UPS stock opened at $100.54 on Monday. The company has a market capitalization of $85.29 billion, a P/E ratio of 15.54, a PEG ratio of 2.39 and a beta of 1.11. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50 day moving average price of $95.55 and a two-hundred day moving average price of $92.79.

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

United Parcel Service Dividend Announcement

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

About United Parcel Service

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.