Xcel Wealth Management LLC Acquires 9,013 Shares of United Parcel Service, Inc. (NYSE:UPS)

Xcel Wealth Management LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 265.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,409 shares of the transportation company’s stock after purchasing an additional 9,013 shares during the quarter. Xcel Wealth Management LLC’s holdings in United Parcel Service were worth $1,692,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Natixis purchased a new stake in shares of United Parcel Service in the first quarter worth about $121,000. Cohen Investment Advisors LLC lifted its holdings in shares of United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after buying an additional 3,835 shares in the last quarter. Financial Partners Group LLC lifted its holdings in shares of United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after buying an additional 5,069 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of United Parcel Service by 12.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock worth $8,853,000 after buying an additional 6,502 shares in the last quarter. Finally, Nvwm LLC lifted its holdings in shares of United Parcel Service by 3.7% in the first quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after buying an additional 96 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. UBS Group lowered their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Susquehanna lowered their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, Oppenheimer decreased their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $151.05.

United Parcel Service Stock Performance

NYSE:UPS traded up $0.15 during mid-day trading on Tuesday, reaching $131.48. The company’s stock had a trading volume of 1,634,305 shares, compared to its average volume of 4,175,596. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The firm’s fifty day moving average price is $130.34 and its two-hundred day moving average price is $136.33. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market cap of $112.62 billion, a P/E ratio of 21.48, a PEG ratio of 2.00 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.54 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.96%. United Parcel Service’s dividend payout ratio is currently 106.36%.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

About United Parcel Service

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.