Soltis Investment Advisors LLC Buys 1,719 Shares of United Parcel Service, Inc. (NYSE:UPS)

Soltis Investment Advisors LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,580 shares of the transportation company’s stock after buying an additional 1,719 shares during the period. Soltis Investment Advisors LLC’s holdings in United Parcel Service were worth $4,578,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Blackston Financial Advisory Group LLC increased its holdings in shares of United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares in the last quarter. Cigna Investments Inc. New grew its position in United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 75 shares during the period. Nicholas Hoffman & Company LLC. raised its holdings in United Parcel Service by 0.5% during the second quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock worth $2,167,000 after buying an additional 79 shares during the last quarter. Banco Santander S.A. raised its holdings in United Parcel Service by 0.6% during the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after buying an additional 79 shares during the last quarter. Finally, Gleason Group Inc. grew its holdings in shares of United Parcel Service by 1.2% during the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after buying an additional 80 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred 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 transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 1.3 %

Shares of UPS stock opened at $130.22 on Wednesday. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company’s fifty day simple moving average is $133.16 and its two-hundred day simple moving average is $132.96. 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 stock has a market capitalization of $111.13 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.06 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the company posted $1.57 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.01%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UPS. Oppenheimer increased their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Citigroup dropped their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. The Goldman Sachs Group reduced their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Susquehanna raised their price target 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. Finally, Barclays reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $151.29.

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.