PUREfi Wealth LLC Buys Shares of 5,845 United Parcel Service, Inc. (NYSE:UPS)

PUREfi Wealth LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,845 shares of the transportation company's stock, valued at approximately $737,000. United Parcel Service makes up 0.7% of PUREfi Wealth LLC's investment portfolio, making the stock its 25th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC increased its stake in United Parcel Service by 397.7% during the 3rd 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 in the last quarter. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. Princeton Global Asset Management LLC increased its stake in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. PSI Advisors LLC grew its stake in shares of 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 acquiring an additional 200 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of United Parcel Service in the third quarter worth approximately $36,000. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UPS has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a research note on Wednesday, January 22nd. Argus upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Wolfe Research upgraded shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target for the company in a research note on Wednesday, January 8th. Barclays reaffirmed an "underweight" rating and set a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Finally, Raymond James decreased their price target on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.73.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's 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 sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

UPS stock traded down $0.78 during midday trading on Tuesday, hitting $115.45. The company's stock had a trading volume of 5,405,944 shares, compared to its average volume of 6,747,762. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $98.52 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. The company has a 50 day moving average of $124.29 and a two-hundred day moving average of $128.67.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the business posted $2.47 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service's dividend payout ratio is currently 96.45%.

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.