Summit Financial Wealth Advisors LLC Increases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Summit Financial Wealth Advisors LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,085 shares of the transportation company’s stock after purchasing an additional 3,880 shares during the quarter. United Parcel Service makes up about 1.5% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 23rd biggest position. Summit Financial Wealth Advisors LLC’s holdings in United Parcel Service were worth $8,056,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the second quarter valued at approximately $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC raised its stake in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the last quarter. Finally, PSI Advisors LLC grew its position in United Parcel Service by 408.2% during 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 period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UPS. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer upped their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. UBS Group raised their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Stock Up 2.0 %

UPS stock opened at $137.53 on Tuesday. The company’s 50 day moving average is $133.15 and its 200 day moving average is $134.03. The stock has a market cap of $117.36 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is currently 98.49%.

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.