Morey & Quinn Wealth Partners LLC Acquires New Stake in United Parcel Service, Inc. (NYSE:UPS)

Morey & Quinn Wealth Partners LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,636 shares of the transportation company's stock, valued at approximately $458,000.

Other hedge funds have also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the fourth quarter worth approximately $26,000. True Wealth Design LLC raised its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after buying an additional 171 shares during the period. IFS Advisors LLC lifted its position in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after buying an additional 151 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $30,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UPS shares. Truist Financial initiated coverage on United Parcel Service in a report on Thursday, March 13th. They set a "buy" rating and a $140.00 price target for the company. Bank of America cut their target price on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a research note on Tuesday. Susquehanna lowered their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $128.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Baird R W downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.57.

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United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.36 during trading on Friday, reaching $109.66. 3,282,367 shares of the company's stock were exchanged, compared to its average volume of 4,661,575. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $154.29. The company has a market cap of $93.66 billion, a P/E ratio of 16.22, a PEG ratio of 1.55 and a beta of 0.94. The firm's 50-day moving average price is $118.52 and its 200 day moving average price is $126.42.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business earned $2.47 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is presently 97.04%.

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.