Addison Advisors LLC Buys 727 Shares of United Parcel Service, Inc. (NYSE:UPS)

Addison Advisors LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 171.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,151 shares of the transportation company’s stock after buying an additional 727 shares during the quarter. Addison Advisors LLC’s holdings in United Parcel Service were worth $181,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UPS. Gilliland Jeter Wealth Management LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $684,000. Cornerstone Capital Inc. increased its position in United Parcel Service by 24.6% during the fourth quarter. Cornerstone Capital Inc. now owns 4,152 shares of the transportation company’s stock worth $653,000 after buying an additional 820 shares during the last quarter. Spinnaker Trust raised its stake in United Parcel Service by 5.8% in the fourth quarter. Spinnaker Trust now owns 48,479 shares of the transportation company’s stock valued at $7,622,000 after buying an additional 2,650 shares during the period. Kovack Advisors Inc. lifted its position in shares of United Parcel Service by 2.7% in the fourth quarter. Kovack Advisors Inc. now owns 4,388 shares of the transportation company’s stock valued at $690,000 after buying an additional 117 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $1,002,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eva C. Boratto purchased 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Price Performance

NYSE:UPS traded up $0.20 during mid-day trading on Friday, reaching $147.59. The stock had a trading volume of 2,607,558 shares, compared to its average volume of 3,897,331. The stock has a 50-day simple moving average of $149.56 and a two-hundred day simple moving average of $150.96. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The stock has a market capitalization of $125.84 billion, a PE ratio of 21.38, a P/E/G ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 earnings per share. On average, equities analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. United Parcel Service’s dividend payout ratio is 94.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Wednesday, April 3rd. Raymond James reduced their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. Oppenheimer increased their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Barclays cut their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $165.23.

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.