Integrated Wealth Concepts LLC Has $6.57 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Integrated Wealth Concepts LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 48,196 shares of the transportation company’s stock after acquiring an additional 662 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in United Parcel Service were worth $6,571,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in UPS. TruNorth Capital Management LLC bought a new position in United Parcel Service in the 2nd quarter worth approximately $28,000. True Wealth Design LLC increased its position in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the period. Riverview Trust Co acquired a new position in United Parcel Service during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC increased its holdings in shares of United Parcel Service by 291.7% during the 2nd 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 period. Finally, Tortoise Investment Management LLC lifted its stake 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 valued at $34,000 after buying an additional 155 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research reports. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. TD Cowen began coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. The Goldman Sachs Group reduced 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. Bank of America boosted their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Citigroup lowered their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $129.71 on Wednesday. The stock has a market cap of $110.69 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The stock has a 50-day moving average of $133.66 and a 200-day moving average of $133.42. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the business posted $1.57 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm 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. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.03%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

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.