United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Rovin Capital UT ADV

Rovin Capital UT ADV grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 85.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,757 shares of the transportation company’s stock after buying an additional 2,195 shares during the period. Rovin Capital UT ADV’s holdings in United Parcel Service were worth $600,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Stolper Co raised its holdings in shares of United Parcel Service by 1.8% in the 4th quarter. Stolper Co now owns 35,558 shares of the transportation company’s stock worth $4,484,000 after purchasing an additional 638 shares during the period. BluePath Capital Management LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $340,000. Godsey & Gibb Inc. increased its position in United Parcel Service by 2.8% during the 4th quarter. Godsey & Gibb Inc. now owns 142,387 shares of the transportation company’s stock worth $17,955,000 after purchasing an additional 3,879 shares in the last quarter. ARS Wealth Advisors Group LLC raised its holdings in United Parcel Service by 1.7% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 35,734 shares of the transportation company’s stock valued at $4,506,000 after buying an additional 605 shares during the period. Finally, S.E.E.D. Planning Group LLC acquired a new position in United Parcel Service during the fourth quarter valued at approximately $498,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UPS. Oppenheimer lifted their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus boosted their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup lowered their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, Barclays restated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $151.10.

United Parcel Service Stock Up 1.3 %

UPS stock opened at $127.42 on Thursday. The firm has a market cap of $108.74 billion, a PE ratio of 19.25, a P/E/G ratio of 1.73 and a beta of 1.00. United Parcel Service, Inc. has a 12 month low of $121.56 and a 12 month high of $161.35. 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 50 day simple moving average of $129.22 and a 200 day simple moving average of $131.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.12%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.