Park Avenue Securities LLC Purchases 2,324 Shares of United Parcel Service, Inc. (NYSE:UPS)

Park Avenue Securities LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 15.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,187 shares of the transportation company's stock after buying an additional 2,324 shares during the quarter. Park Avenue Securities LLC's holdings in United Parcel Service were worth $2,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after purchasing an additional 171 shares in the last quarter. PSI Advisors LLC increased its position in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock valued at $34,000 after buying an additional 200 shares during the period. Princeton Global Asset Management LLC lifted its holdings in United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after buying an additional 216 shares during the period. FSA Wealth Management LLC purchased a new stake in United Parcel Service in the third quarter worth about $36,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of United Parcel Service during the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup reduced their price target on United Parcel Service from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. The Goldman Sachs Group decreased their price target on shares of United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Evercore ISI boosted their price target 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. Finally, UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service has an average rating of "Moderate Buy" and a consensus price target of $151.10.

United Parcel Service Price Performance

UPS traded down $0.17 during trading on Friday, reaching $129.77. 4,260,034 shares of the company traded hands, compared to its average volume of 3,680,905. United Parcel Service, Inc. has a 12-month low of $121.56 and a 12-month high of $161.35. The firm has a fifty day simple moving average of $128.95 and a 200 day simple moving average of $130.93. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $110.74 billion, a P/E ratio of 19.60, a PEG ratio of 1.73 and a beta of 1.00.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. United Parcel Service's dividend payout ratio (DPR) is presently 98.49%.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction 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 approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

United Parcel Service 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.