Jacksonville Wealth Management LLC Invests $365,000 in United Parcel Service, Inc. (NYSE:UPS)

Jacksonville Wealth Management LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,892 shares of the transportation company’s stock, valued at approximately $365,000.

Other hedge funds have also bought and sold shares of the company. IFS Advisors LLC increased its stake in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC grew its holdings in United Parcel Service by 397.7% during 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. PSI Advisors LLC increased its position in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in shares of 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 valued at $34,000 after buying an additional 216 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service during the 3rd quarter valued at $36,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Barclays reiterated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Wells Fargo & Company reduced their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Evercore ISI upped their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday. Finally, Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.24.

United Parcel Service Price Performance

Shares of UPS stock opened at $132.98 on Friday. 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, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35. The firm has a market cap of $113.48 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.86 and a beta of 1.00. The business’s 50 day moving average price is $128.95 and its 200-day moving average price is $130.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business posted $1.57 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Buying and Selling

In other United Parcel Service 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 owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

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.