7,490 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Eaton Financial Holdings Company LLC

Eaton Financial Holdings Company LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,490 shares of the transportation company's stock, valued at approximately $1,021,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Archford Capital Strategies LLC lifted its position in shares of United Parcel Service by 1.7% during the second quarter. Archford Capital Strategies LLC now owns 6,102 shares of the transportation company's stock worth $835,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Financial Group LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at $362,000. Ellsworth Advisors LLC increased its position in United Parcel Service by 7.1% in the second quarter. Ellsworth Advisors LLC now owns 27,949 shares of the transportation company's stock worth $3,825,000 after purchasing an additional 1,848 shares during the period. Cordatus Wealth Management LLC bought a new stake in United Parcel Service during the 2nd quarter worth about $1,725,000. Finally, Naples Global Advisors LLC lifted its position in United Parcel Service by 3.8% during the 2nd quarter. Naples Global Advisors LLC now owns 45,064 shares of the transportation company's stock valued at $6,167,000 after purchasing an additional 1,655 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the 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 completion of the sale, the insider now owns 45,098 shares in the company, valued at $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 available through this link. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Down 0.1 %

Shares of UPS traded down $0.14 during mid-day trading on Thursday, hitting $128.98. 4,979,262 shares of the company's stock were exchanged, compared to its average volume of 4,187,877. 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 52 week low of $123.12 and a 52 week high of $163.82. The company has a market cap of $110.07 billion, a PE ratio of 19.29, a P/E/G ratio of 2.06 and a beta of 0.98. The company has a 50-day simple moving average of $133.02 and a 200 day simple moving average of $132.88.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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 net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.10 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Monday, November 18th. United Parcel Service's dividend payout ratio is currently 98.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UPS. UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target on United Parcel Service from $140.00 to $139.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Bank of America lifted their price objective on United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group dropped their price objective on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.29.

About United Parcel Service

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.