Generation Capital Management LLC Takes $367,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Generation Capital Management LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,909 shares of the transportation company's stock, valued at approximately $367,000.

Several other institutional investors and hedge funds have also modified their holdings of UPS. GeoWealth Management LLC increased its holdings in shares of United Parcel Service by 22.4% in the fourth quarter. GeoWealth Management LLC now owns 3,026 shares of the transportation company's stock valued at $382,000 after purchasing an additional 554 shares in the last quarter. Cadence Bank lifted its stake in shares of United Parcel Service by 98.3% during the fourth quarter. Cadence Bank now owns 73,809 shares of the transportation company's stock valued at $9,307,000 after acquiring an additional 36,595 shares during the period. Capital International Sarl boosted its holdings in United Parcel Service by 39.2% in the fourth quarter. Capital International Sarl now owns 3,336 shares of the transportation company's stock valued at $421,000 after acquiring an additional 940 shares during the last quarter. Arvest Bank Trust Division raised its holdings in United Parcel Service by 4.7% during the 4th quarter. Arvest Bank Trust Division now owns 16,020 shares of the transportation company's stock worth $2,020,000 after purchasing an additional 719 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in United Parcel Service by 80.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 182,996 shares of the transportation company's stock valued at $23,076,000 after purchasing an additional 81,485 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent analyst reports. Loop Capital dropped their price objective on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a report on Monday, February 3rd. Stifel Nicolaus dropped their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Morgan Stanley decreased their target price on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Susquehanna dropped their price target on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 1st. Finally, Galvan Research decreased their price objective on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of "Moderate Buy" and an average target price of $128.74.

United Parcel Service Stock Up 1.1 %

Shares of NYSE:UPS traded up $1.03 during midday trading on Tuesday, hitting $97.28. The stock had a trading volume of 1,666,840 shares, compared to its average volume of 4,814,852. The company has a market cap of $83.09 billion, a P/E ratio of 14.40, a PEG ratio of 1.55 and a beta of 1.10. 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 business's 50-day simple moving average is $110.04 and its 200-day simple moving average is $122.36. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42.

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 (EPS) for the quarter, beating the consensus estimate 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 company posted $2.47 earnings per share. On average, sell-side analysts forecast 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 declared 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 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. This represents a $6.56 annualized dividend and a yield of 6.74%. United Parcel Service's dividend payout ratio (DPR) is currently 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.