Johnson & White Wealth Management LLC Buys New Stake in United Parcel Service, Inc. (NYSE:UPS)

Johnson & White Wealth Management LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,125 shares of the transportation company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Princeton Global Asset Management LLC raised its position in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. PSI Advisors LLC raised its position in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the third quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of United Parcel Service in the third quarter valued at approximately $54,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. UBS Group boosted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Susquehanna boosted their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their target price on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.10.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

United Parcel Service Stock Up 1.5 %

Shares of NYSE:UPS opened at $125.14 on Tuesday. The stock has a market capitalization of $106.79 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35. The company’s fifty day moving average is $129.38 and its two-hundred day moving average is $131.08. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is currently 98.49%.

About United Parcel Service

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.