Global Wealth Management Investment Advisory Inc. Has $3.26 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Global Wealth Management Investment Advisory Inc. lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 7.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,937 shares of the transportation company’s stock after selling 2,005 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in United Parcel Service were worth $3,264,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UPS. Norden Group LLC boosted its stake in United Parcel Service by 32.2% in the first quarter. Norden Group LLC now owns 5,756 shares of the transportation company’s stock valued at $855,000 after acquiring an additional 1,401 shares during the last quarter. Mutual Advisors LLC lifted its holdings in shares of United Parcel Service by 15.8% in the first quarter. Mutual Advisors LLC now owns 14,427 shares of the transportation company’s stock valued at $2,144,000 after purchasing an additional 1,972 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of United Parcel Service by 186.1% in the first quarter. GSA Capital Partners LLP now owns 6,235 shares of the transportation company’s stock valued at $927,000 after purchasing an additional 4,056 shares in the last quarter. Commerce Bank boosted its position in shares of United Parcel Service by 4.0% during the first quarter. Commerce Bank now owns 92,794 shares of the transportation company’s stock worth $13,792,000 after buying an additional 3,573 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in United Parcel Service by 87.5% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,856 shares of the transportation company’s stock valued at $870,000 after buying an additional 2,732 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. Barclays restated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Bank of America upped their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Stephens reduced their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. UBS Group increased their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Stock Performance

Shares of UPS stock traded down $0.21 during trading on Tuesday, hitting $132.79. The company’s stock had a trading volume of 109,431 shares, compared to its average volume of 4,167,219. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The business has a fifty day moving average of $131.58 and a 200-day moving average of $135.46. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The company has a market cap of $113.75 billion, a PE ratio of 20.09, a P/E/G ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter last year, the company earned $1.57 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.91%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio 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.