Rovin Capital UT ADV Boosts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Rovin Capital UT ADV lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 85.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,757 shares of the transportation company's stock after purchasing an additional 2,195 shares during the period. Rovin Capital UT ADV's holdings in United Parcel Service were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at United Parcel Service

In other 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 stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent research reports. Stifel Nicolaus raised their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a "buy" rating in a report on Friday, October 25th. Wolfe Research raised United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price objective on United Parcel Service from $134.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on United Parcel Service from $155.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of "Moderate Buy" and an average price target of $151.10.

United Parcel Service Stock Up 2.0 %

UPS stock traded up $2.50 during mid-day trading on Thursday, reaching $129.97. 5,466,227 shares of the company traded hands, compared to its average volume of 4,605,152. The stock has a market cap of $110.91 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35. The firm's 50 day moving average price is $129.09 and its 200 day moving average price is $130.98.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during 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 company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current fiscal 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 paid a $1.63 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 98.49%.

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.