Kingswood Wealth Advisors LLC Has $2.20 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Kingswood Wealth Advisors LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 227.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,444 shares of the transportation company’s stock after acquiring an additional 12,124 shares during the period. Kingswood Wealth Advisors LLC’s holdings in United Parcel Service were worth $2,200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC boosted its holdings in 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 acquiring an additional 171 shares during the last quarter. IFS Advisors LLC increased its stake in 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 in the last quarter. Princeton Global Asset Management LLC raised its holdings in 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 worth $34,000 after purchasing an additional 216 shares during the period. PSI Advisors LLC boosted its position in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.4 %

Shares of United Parcel Service stock opened at $136.23 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $116.26 billion, a PE ratio of 20.58, a P/E/G ratio of 1.86 and a beta of 1.00. United Parcel Service, Inc. has a 1 year low of $121.56 and a 1 year high of $158.95. The stock has a fifty day moving average price of $128.95 and a 200-day moving average price of $130.76.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.79%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Analysts Set New Price Targets

Several research firms recently commented on UPS. 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. Susquehanna raised their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Oppenheimer boosted their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, January 16th. Finally, Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $151.24.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

United Parcel Service 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.