Kestra Private Wealth Services LLC Has $9.94 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Kestra Private Wealth Services LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 78,852 shares of the transportation company’s stock after buying an additional 6,943 shares during the period. Kestra Private Wealth Services LLC’s holdings in United Parcel Service were worth $9,943,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. IFS Advisors LLC raised its holdings in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC grew its holdings in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. PSI Advisors LLC increased its holdings in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Princeton Global Asset Management LLC raised its position in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in United Parcel Service during the third quarter worth approximately $36,000. Institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UPS shares. Morgan Stanley lowered their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Raymond James dropped their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group lowered their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. UBS Group decreased their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Loop Capital dropped their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Down 0.2 %

Shares of NYSE UPS opened at $113.20 on Monday. The business has a 50-day moving average of $125.95 and a 200-day moving average of $129.25. The firm has a market capitalization of $96.60 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.50 and a beta of 0.98. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95.

United Parcel Service (NYSE:UPS) last issued 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 net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the business posted $2.47 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.80%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 96.45%.

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.