IHT Wealth Management LLC Has $2.14 Million Position in United Parcel Service, Inc. (NYSE:UPS)

IHT Wealth Management LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 35.0% during the third quarter, Holdings Channel reports. The fund owned 15,770 shares of the transportation company’s stock after acquiring an additional 4,085 shares during the quarter. IHT Wealth Management LLC’s holdings in United Parcel Service were worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after buying an additional 1,320,921 shares in the last quarter. International Assets Investment Management LLC grew its holdings in United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after buying an additional 14,539,321 shares in the last quarter. FMR LLC grew its holdings in United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after buying an additional 380,229 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after buying an additional 20,426 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in United Parcel Service by 6.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company’s stock valued at $632,518,000 after buying an additional 292,777 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Down 0.7 %

NYSE UPS opened at $128.76 on Thursday. The business has a 50 day simple moving average of $133.61 and a 200 day simple moving average of $133.39. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The stock has a market capitalization of $109.88 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.13 and a beta of 0.98. 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 (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.06%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’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 value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on UPS shares. Citigroup decreased their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Evercore ISI upped their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their target price on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.