Level Financial Advisors Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Level Financial Advisors bought a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,382 shares of the transportation company’s stock, valued at approximately $1,561,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Copperwynd Financial LLC grew its stake in shares of United Parcel Service by 7.0% in the second quarter. Copperwynd Financial LLC now owns 1,908 shares of the transportation company’s stock worth $249,000 after purchasing an additional 124 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in United Parcel Service by 4.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 16,630 shares of the transportation company’s stock worth $2,276,000 after buying an additional 648 shares during the period. Wallace Advisory Group LLC grew its position in shares of United Parcel Service by 161.0% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,469 shares of the transportation company’s stock valued at $475,000 after buying an additional 2,140 shares during the last quarter. Quarry LP increased its stake in shares of United Parcel Service by 453.6% in the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after buying an additional 440 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of United Parcel Service by 8.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,205 shares of the transportation company’s stock worth $3,312,000 after acquiring an additional 1,863 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was 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 currently owned by corporate insiders.

United Parcel Service Price Performance

UPS stock opened at $136.23 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50-day simple moving average of $128.95 and a two-hundred day simple moving average of $130.76. The company has a market capitalization of $116.26 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $158.95.

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 dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.79%. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPS. UBS Group upped their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup decreased their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Oppenheimer increased their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.24.

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.