Angeles Wealth Management LLC Acquires 1,829 Shares of United Parcel Service, Inc. (NYSE:UPS)

Angeles Wealth Management LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 65.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,613 shares of the transportation company’s stock after purchasing an additional 1,829 shares during the quarter. Angeles Wealth Management LLC’s holdings in United Parcel Service were worth $582,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. AMF Tjanstepension AB raised its holdings in United Parcel Service by 39.7% during the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock worth $14,793,000 after purchasing an additional 30,815 shares during the last quarter. Wedmont Private Capital lifted its position in shares of United Parcel Service by 16.3% in the third quarter. Wedmont Private Capital now owns 2,407 shares of the transportation company’s stock worth $316,000 after purchasing an additional 338 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of United Parcel Service by 257.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,235 shares of the transportation company’s stock valued at $714,000 after acquiring an additional 3,769 shares in the last quarter. Brown Miller Wealth Management LLC increased its position in shares of United Parcel Service by 7.5% during the 3rd quarter. Brown Miller Wealth Management LLC now owns 10,916 shares of the transportation company’s stock worth $1,488,000 after purchasing an additional 757 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in United Parcel Service by 2,441.5% during the third quarter. Exchange Traded Concepts LLC now owns 8,641 shares of the transportation company’s stock worth $1,178,000 after acquiring an additional 8,301 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS stock opened at $113.20 on Monday. The company has a market capitalization of $96.60 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.50 and a beta of 0.98. The business’s 50 day moving average is $125.95 and its two-hundred day moving average is $129.25. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping 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 in the prior year, the business earned $2.47 EPS. Analysts expect that United Parcel Service, Inc. will post 7.99 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 96.45%.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Raymond James cut their target price on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Susquehanna dropped their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Oppenheimer upped their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.