Modern Wealth Management LLC Purchases 5,431 Shares of United Parcel Service, Inc. (NYSE:UPS)

Modern Wealth Management LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 85.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,763 shares of the transportation company's stock after buying an additional 5,431 shares during the period. Modern Wealth Management LLC's holdings in United Parcel Service were worth $1,483,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service in the fourth quarter valued at about $26,000. IFS Advisors LLC boosted its stake in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $30,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 1.2 %

Shares of UPS traded down $1.36 during trading hours on Friday, hitting $109.66. The stock had a trading volume of 3,282,367 shares, compared to its average volume of 4,661,575. The firm has a 50 day simple moving average of $118.52 and a 200-day simple moving average of $126.42. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $154.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $93.66 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

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United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 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 firm earned $2.47 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.98%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is 97.04%.

Analyst Upgrades and Downgrades

Several research firms recently commented on UPS. Bank of America cut their target price on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research report on Tuesday. Loop Capital cut their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Raymond James cut their target price on United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a report on Friday, January 31st. Finally, Evercore ISI increased 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. Two equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service presently has an average rating of "Moderate Buy" and an average price target of $137.57.

United Parcel Service 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.