Icon Wealth Advisors LLC Acquires 5,558 Shares of United Parcel Service, Inc. (NYSE:UPS)

Icon Wealth Advisors LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 68.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,683 shares of the transportation company’s stock after acquiring an additional 5,558 shares during the period. Icon Wealth Advisors LLC’s holdings in United Parcel Service were worth $1,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the second quarter worth approximately $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the second quarter worth approximately $32,000. Centerpoint Advisors LLC grew its holdings in shares of United Parcel Service by 291.7% in the second 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 last quarter. Princeton Global Asset Management LLC grew its holdings in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UPS shares. UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Barclays reissued an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Bank of America raised their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company raised their price objective 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Price Performance

NYSE UPS opened at $135.68 on Friday. The stock has a 50-day moving average of $133.41 and a 200 day moving average of $133.97. The company has a market capitalization of $115.79 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.23 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results 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. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

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.