Fluent Financial LLC Invests $6.74 Million in United Parcel Service, Inc. $UPS

Fluent Financial LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPSFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 67,969 shares of the transportation company’s stock, valued at approximately $6,742,000. United Parcel Service makes up 2.6% of Fluent Financial LLC’s portfolio, making the stock its 10th biggest holding.

A number of other institutional investors also recently modified their holdings of the stock. CFS Investment Advisory Services LLC boosted its stake in United Parcel Service by 2.6% during the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock worth $372,000 after acquiring an additional 108 shares in the last quarter. Center for Financial Planning Inc. increased its stake in United Parcel Service by 4.6% in the third quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock valued at $214,000 after purchasing an additional 112 shares in the last quarter. Regal Investment Advisors LLC raised its holdings in shares of United Parcel Service by 1.6% during the third quarter. Regal Investment Advisors LLC now owns 7,129 shares of the transportation company’s stock valued at $596,000 after purchasing an additional 114 shares during the period. Wealth Advisory Solutions LLC raised its holdings in shares of United Parcel Service by 2.3% during the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after purchasing an additional 118 shares during the period. Finally, Winch Advisory Services LLC boosted its position in shares of United Parcel Service by 37.3% during the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Stifel Nicolaus raised their target price on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. TD Cowen upped their price target on United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Jefferies Financial Group increased their price target on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised their price objective on United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Sanford C. Bernstein boosted their price objective on United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $113.67.

View Our Latest Research Report on UPS

More United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Down 2.8%

NYSE:UPS opened at $94.78 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a 50-day moving average of $108.17 and a 200-day moving average of $98.74. The company has a market cap of $80.47 billion, a PE ratio of 14.45, a PEG ratio of 1.49 and a beta of 1.08. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. The business had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.75 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.9%. United Parcel Service’s dividend payout ratio is 100.00%.

United Parcel Service Profile

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

See Also

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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