Icon Wealth Advisors LLC Has $5.06 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Icon Wealth Advisors LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 356.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,100 shares of the transportation company’s stock after buying an additional 28,975 shares during the period. Icon Wealth Advisors LLC’s holdings in United Parcel Service were worth $5,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Natixis purchased a new position in United Parcel Service during the 1st quarter valued at about $121,000. Capital International Inc. CA boosted its holdings in shares of United Parcel Service by 10.7% during the first quarter. Capital International Inc. CA now owns 8,991 shares of the transportation company’s stock worth $1,336,000 after purchasing an additional 866 shares during the period. 1832 Asset Management L.P. grew its position in United Parcel Service by 48.3% during the first quarter. 1832 Asset Management L.P. now owns 153,824 shares of the transportation company’s stock valued at $22,863,000 after purchasing an additional 50,072 shares in the last quarter. LRI Investments LLC acquired a new position in United Parcel Service in the 1st quarter valued at approximately $97,000. Finally, Steel Grove Capital Advisors LLC lifted its position in United Parcel Service by 291.9% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 11,448 shares of the transportation company’s stock worth $1,702,000 after buying an additional 8,527 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE UPS opened at $131.35 on Friday. The stock has a 50-day simple moving average of $132.83 and a 200 day simple moving average of $134.38. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The stock has a market capitalization of $112.09 billion, a PE ratio of 19.84, a P/E/G ratio of 2.19 and a beta of 0.99. 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 issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Stifel Nicolaus upped their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. TD Cowen initiated coverage on United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Finally, Oppenheimer increased their price objective 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $151.52.

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.