Financial Engines Advisors L.L.C. bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,665 shares of the transportation company's stock, valued at approximately $336,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the 4th quarter valued at approximately $26,000. True Wealth Design LLC increased its holdings in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. IFS Advisors LLC lifted its stake 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 purchasing an additional 151 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service during the 4th quarter valued at about $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Barclays decreased their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday. Raymond James reduced their price target on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a research report on Friday, January 31st. Baird R W downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service currently has an average rating of "Moderate Buy" and a consensus target price of $136.26.
Read Our Latest Report on UPS
United Parcel Service Trading Up 0.3 %
Shares of United Parcel Service stock traded up $0.34 on Monday, hitting $110.00. 6,534,610 shares of the company traded hands, compared to its average volume of 4,669,043. 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 company has a market cap of $93.96 billion, a PE ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. The stock's 50 day moving average price is $118.12 and its 200-day moving average price is $126.27. United Parcel Service, Inc. has a 52 week low of $108.30 and a 52 week high of $154.29.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its 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 return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the firm posted $2.47 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS 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 issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.96%. 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 dividend payout ratio is presently 97.04%.
United Parcel Service Company Profile
(
Free Report)
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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