94,543 Shares in United Parcel Service, Inc. $UPS Purchased by Stelac Advisory Services LLC

Stelac Advisory Services LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 94,543 shares of the transportation company’s stock, valued at approximately $7,897,000. United Parcel Service makes up about 2.7% of Stelac Advisory Services LLC’s investment portfolio, making the stock its 11th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd boosted its holdings in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of United Parcel Service in the second quarter valued at $34,000. Salzhauer Michael acquired a new stake in shares of United Parcel Service during the 3rd quarter valued at $31,000. Physician Wealth Advisors Inc. lifted its position in shares of United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares during the last quarter. Finally, Avion Wealth boosted its stake in shares of United Parcel Service by 284.1% during the 3rd quarter. Avion Wealth now owns 434 shares of the transportation company’s stock worth $36,000 after acquiring an additional 321 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UPS shares. TD Cowen boosted their target price on United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. BMO Capital Markets boosted their price objective on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Sanford C. Bernstein raised their target price on shares of United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $113.67.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Down 0.2%

NYSE:UPS traded down $0.21 during trading hours on Friday, hitting $97.68. 604,176 shares of the company’s stock traded hands, compared to its average volume of 6,316,006. The stock’s fifty day moving average price is $110.12 and its two-hundred day moving average price is $97.81. The firm has a market cap of $82.94 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $2.75 EPS. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.7%. United Parcel Service’s dividend payout ratio is presently 100.00%.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.