6,254 Shares in United Parcel Service, Inc. $UPS Purchased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. acquired a new position in United Parcel Service, Inc. (NYSE:UPSFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,254 shares of the transportation company’s stock, valued at approximately $522,000.

A number of other hedge funds have also recently modified their holdings of UPS. Norges Bank bought a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $851,842,000. Laurel Wealth Advisors LLC increased its stake in United Parcel Service by 11,517.3% in the second quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock worth $252,695,000 after purchasing an additional 2,481,864 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of United Parcel Service by 78.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock worth $412,528,000 after purchasing an additional 1,799,882 shares during the last quarter. Invesco Ltd. boosted its stake in shares of United Parcel Service by 45.4% during the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock valued at $578,467,000 after purchasing an additional 1,789,467 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of United Parcel Service by 443.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock valued at $156,453,000 after purchasing an additional 1,264,842 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on UPS. JPMorgan Chase & Co. raised their price target on shares of United Parcel Service from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Monday. UBS Group raised their target price on shares of United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Susquehanna lifted their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. BMO Capital Markets reissued a “market perform” rating and issued a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Finally, Sanford C. Bernstein raised their price objective on United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $111.42.

Check Out Our Latest Research Report on UPS

United Parcel Service News Summary

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Price Performance

NYSE UPS opened at $106.62 on Wednesday. The company has a market cap of $90.46 billion, a PE ratio of 16.48, a P/E/G ratio of 2.35 and a beta of 1.11. The firm’s 50 day moving average price is $98.40 and its 200-day moving average price is $93.07. 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 52-week low of $82.00 and a 52-week high of $136.99.

United Parcel Service (NYSE:UPSGet Free Report) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.United Parcel Service’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.76 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.2%. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

About United Parcel Service

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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