Centerline Wealth Advisors LLC Purchases New Position in United Parcel Service, Inc. (NYSE:UPS)

Centerline Wealth Advisors LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,727 shares of the transportation company’s stock, valued at approximately $470,000. United Parcel Service comprises about 0.3% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds also recently made changes to their positions in UPS. State Street Corp grew its stake in shares of United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after acquiring an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of United Parcel Service by 6.4% during 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 purchasing an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC grew its position in shares of United Parcel Service by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after purchasing an additional 373,202 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of United Parcel Service by 15,779.6% during 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. Finally, FMR LLC raised its position in shares of United Parcel Service by 3.7% during 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. 60.26% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 1.4 %

Shares of United Parcel Service stock opened at $113.47 on Friday. The firm has a market cap of $96.83 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.63 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The stock has a 50-day simple moving average of $126.84 and a 200-day simple moving average of $129.57.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the business posted $2.47 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 8.61 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.78%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s payout ratio is presently 96.45%.

Analyst Ratings Changes

Several brokerages recently commented on UPS. Susquehanna decreased their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Oppenheimer raised their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Citigroup dropped their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Loop Capital reduced their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.73.

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.