AssuredPartners Investment Advisors LLC Takes $754,000 Position in United Parcel Service, Inc. (NYSE:UPS)

AssuredPartners Investment Advisors LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,982 shares of the transportation company's stock, valued at approximately $754,000.

Several other large investors also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth $26,000. IFS Advisors LLC increased its stake in 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 acquiring an additional 151 shares during the last quarter. True Wealth Design LLC raised its position in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the fourth quarter worth about $30,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Down 1.2 %

NYSE:UPS traded down $1.36 on Friday, reaching $109.66. 3,282,367 shares of the stock traded hands, compared to its average volume of 4,661,575. The company's fifty day simple moving average is $118.52 and its 200 day simple moving average is $126.42. The company has a market capitalization of $93.66 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $154.29. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

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United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the company posted $2.47 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.98%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.

Analyst Ratings Changes

A number of brokerages recently weighed in on UPS. 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 objective on the stock. Citigroup lowered their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a "buy" rating for the company in a report on Friday, January 31st. Evercore ISI increased their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $137.57.

About United Parcel Service

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.