Crowley Wealth Management Inc. Takes $1.65 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Crowley Wealth Management Inc. purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,117 shares of the transportation company's stock, valued at approximately $1,654,000. United Parcel Service comprises 1.5% of Crowley Wealth Management Inc.'s holdings, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service in the 4th quarter worth approximately $26,000. True Wealth Design LLC lifted its holdings in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after buying an additional 171 shares in the last quarter. IFS Advisors LLC boosted its position in United Parcel Service by 232.3% in the 4th 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. acquired a new stake in shares of United Parcel Service in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 4.8 %

UPS stock traded down $5.52 during trading hours on Tuesday, reaching $110.29. 5,833,858 shares of the stock were exchanged, compared to its average volume of 4,496,863. The firm's 50-day moving average is $119.95 and its 200-day moving average is $126.92. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $157.99. The company has a market cap of $94.20 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

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United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period last year, the firm posted $2.47 EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.95%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is currently 97.04%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on UPS shares. Evercore ISI upped their price target on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. Citigroup lowered their price target on shares of United Parcel Service from $158.00 to $149.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Morgan Stanley cut their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.09.

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.