7,223 Shares in United Parcel Service, Inc. $UPS Acquired by LJI Wealth Management LLC

LJI Wealth Management LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,223 shares of the transportation company’s stock, valued at approximately $603,000.

Several other large investors have also recently made changes to their positions in the business. Norges Bank bought a new stake in United Parcel Service in the second quarter worth $851,842,000. Laurel Wealth Advisors LLC increased its holdings in shares of United Parcel Service by 11,517.3% in the second quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock worth $252,695,000 after buying an additional 2,481,864 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of United Parcel Service by 78.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after acquiring an additional 1,799,882 shares during the last quarter. Invesco Ltd. boosted its holdings in United Parcel Service by 45.4% during the 2nd quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock valued at $578,467,000 after acquiring an additional 1,789,467 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in United Parcel Service by 443.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after acquiring an additional 1,264,842 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 1.6%

NYSE:UPS opened at $106.89 on Friday. The company has a 50-day moving average price of $99.20 and a 200-day moving average price of $93.24. The stock has a market cap of $90.68 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.33 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $136.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter in the previous year, the company earned $1.76 earnings per share. United Parcel Service’s quarterly revenue was down 3.7% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

Analysts Set New Price Targets

Several analysts have weighed in on UPS shares. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Stephens raised shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research report on Friday, January 9th. UBS Group raised their price target on shares of United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Finally, Citigroup upped their price objective on shares of United Parcel Service from $120.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $111.42.

About United Parcel Service

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.