Kestra Investment Management LLC Invests $958,000 in United Parcel Service, Inc. (NYSE:UPS)

Kestra Investment Management LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,026 shares of the transportation company’s stock, valued at approximately $958,000.

Several other institutional investors also recently bought and sold shares of UPS. Van ECK Associates Corp lifted its holdings in shares of United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Cohen Investment Advisors LLC raised its stake in United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after buying an additional 3,835 shares during the last quarter. Financial Partners Group LLC boosted its holdings in United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after acquiring an additional 5,069 shares in the last quarter. Weaver C. Barksdale & Associates Inc. boosted its holdings in United Parcel Service by 71.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock worth $1,988,000 after acquiring an additional 6,073 shares in the last quarter. Finally, Investors Research Corp grew its stake in shares of United Parcel Service by 89.0% during the third quarter. Investors Research Corp now owns 10,939 shares of the transportation company’s stock worth $1,491,000 after acquiring an additional 5,150 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UPS has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Stifel Nicolaus raised their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. TD Cowen initiated coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price on the stock. Bank of America boosted their price target on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Susquehanna raised their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Stock Performance

Shares of UPS stock opened at $135.72 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The business’s 50 day moving average is $133.55 and its two-hundred day moving average is $133.67. The company has a market capitalization of $115.82 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.23 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. Analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.