Evercore Wealth Management LLC Has $7.83 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Evercore Wealth Management LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,117 shares of the transportation company's stock after buying an additional 16,880 shares during the period. Evercore Wealth Management LLC's holdings in United Parcel Service were worth $7,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $26,000. IFS Advisors LLC increased 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 worth $27,000 after buying an additional 151 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $30,000. Finally, Transce3nd LLC bought a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Up 0.6 %

NYSE:UPS opened at $96.84 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock's 50 day moving average price is $109.66 and its two-hundred day moving average price is $122.19. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $153.42. The firm has a market capitalization of $82.72 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data 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 in the previous year, the business earned $2.47 earnings per share. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share 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. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.77%. United Parcel Service's payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UPS shares. Morgan Stanley decreased their target price on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Robert W. Baird downgraded shares of United Parcel Service from an "outperform" rating to a "neutral" rating and cut their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Wolfe Research decreased their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Citigroup cut their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Galvan Research reduced their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $128.74.

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.

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