Foundations Investment Advisors LLC Has $3.54 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Foundations Investment Advisors LLC increased its holdings in United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 161.8% during the fourth quarter, HoldingsChannel reports. The fund owned 20,352 shares of the transportation company’s stock after acquiring an additional 12,578 shares during the quarter. Foundations Investment Advisors LLC’s holdings in United Parcel Service were worth $3,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. Franklin Resources Inc. raised its holdings in shares of United Parcel Service by 27.0% in the 2nd quarter. Franklin Resources Inc. now owns 6,412,452 shares of the transportation company’s stock worth $1,170,529,000 after acquiring an additional 1,362,612 shares during the last quarter. First Trust Advisors LP grew its position in United Parcel Service by 68.7% in the 3rd quarter. First Trust Advisors LP now owns 1,919,598 shares of the transportation company’s stock worth $310,092,000 after purchasing an additional 781,505 shares in the last quarter. Vanguard Group Inc. grew its position in United Parcel Service by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 67,099,021 shares of the transportation company’s stock worth $10,839,176,000 after purchasing an additional 601,166 shares in the last quarter. Federated Hermes Inc. grew its position in United Parcel Service by 780.2% in the 2nd quarter. Federated Hermes Inc. now owns 639,957 shares of the transportation company’s stock worth $116,819,000 after purchasing an additional 567,251 shares in the last quarter. Finally, Barclays PLC grew its position in United Parcel Service by 55.8% in the 3rd quarter. Barclays PLC now owns 987,042 shares of the transportation company’s stock worth $159,448,000 after purchasing an additional 353,525 shares in the last quarter. Institutional investors and hedge funds own 58.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BNP Paribas downgraded shares of United Parcel Service from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 30th. KeyCorp upped their price objective on shares of United Parcel Service from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. Credit Suisse Group set a $206.00 target price on shares of United Parcel Service in a research report on Wednesday, February 22nd. JPMorgan Chase & Co. set a $181.00 target price on shares of United Parcel Service in a research report on Tuesday, January 31st. Finally, Exane BNP Paribas downgraded shares of United Parcel Service from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 30th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $193.54.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 20,724 shares of the company’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $182.26, for a total value of $3,777,156.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Laura J. Lane sold 14,617 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $178.16, for a total value of $2,604,164.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Norman M. Brothers, Jr. sold 20,724 shares of the company’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $182.26, for a total value of $3,777,156.24. The disclosure for this sale can be found here. In the last three months, insiders sold 54,341 shares of company stock worth $9,848,061. 0.12% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

NYSE UPS traded down $1.13 during trading on Friday, reaching $186.79. The company’s stock had a trading volume of 20,535,902 shares, compared to its average volume of 3,207,876. The stock has a market capitalization of $160.40 billion, a PE ratio of 14.15, a P/E/G ratio of 2.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a fifty day moving average of $183.09 and a 200 day moving average of $178.42. United Parcel Service, Inc. has a one year low of $154.87 and a one year high of $223.97.

United Parcel Service (NYSE:UPS – Get Rating) last announced its earnings results on Tuesday, January 31st. The transportation company reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.03. The business had revenue of $27 billion for the quarter, compared to analyst estimates of $28.03 billion. United Parcel Service had a return on equity of 66.10% and a net margin of 11.51%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.59 EPS. Analysts expect that United Parcel Service, Inc. will post 11.5 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st were paid a $1.62 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.52. This represents a $6.48 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Friday, February 17th. United Parcel Service’s dividend payout ratio is currently 49.09%.

United Parcel Service announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 31st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the transportation company to purchase up to 3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

United Parcel Service Company Profile

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United Parcel Service, Inc is a package delivery company, which engages in the provision of global supply chain management solutions. It operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain Solutions. The U.S. Domestic Package segment includes time-definite delivery of letters, documents, and packages.