Evergreen Capital Management LLC Has $19.96 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Evergreen Capital Management LLC raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 158,276 shares of the transportation company's stock after purchasing an additional 10,720 shares during the quarter. United Parcel Service accounts for about 0.6% of Evergreen Capital Management LLC's investment portfolio, making the stock its 29th biggest position. Evergreen Capital Management LLC's holdings in United Parcel Service were worth $19,959,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in UPS. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the fourth quarter worth about $26,000. IFS Advisors LLC lifted its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UPS. Citigroup dropped their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. UBS Group dropped their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 target price on the stock. Susquehanna dropped their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company reduced their price target on shares of United Parcel Service from $128.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $129.70.

United Parcel Service Trading Up 2.3 %

Shares of NYSE:UPS traded up $2.14 during trading on Friday, hitting $96.34. 4,738,497 shares of the company's stock were exchanged, compared to its average volume of 4,831,654. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a market cap of $82.29 billion, a P/E ratio of 14.25, a PEG ratio of 1.55 and a beta of 1.10. The firm has a 50-day moving average price of $110.40 and a two-hundred day moving average price of $122.74. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating 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 in the prior year, the business posted $2.47 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.81%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service's payout ratio is presently 97.04%.

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.