NewSquare Capital LLC Has $8.01 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

NewSquare Capital LLC grew its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 101.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,978 shares of the transportation company's stock after purchasing an additional 32,294 shares during the period. NewSquare Capital LLC's holdings in United Parcel Service were worth $8,009,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Pacific Sage Partners LLC grew its holdings in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock valued at $212,000 after buying an additional 77 shares in the last quarter. Banco Santander S.A. increased its position in shares of United Parcel Service by 0.6% during the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company's stock worth $1,717,000 after acquiring an additional 79 shares during the period. Quent Capital LLC lifted its holdings in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after buying an additional 80 shares during the period. Tradewinds LLC. raised its position in shares of United Parcel Service by 1.8% in the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company's stock worth $612,000 after acquiring an additional 81 shares in the last quarter. Finally, OLD Second National Bank of Aurora lifted its position in United Parcel Service by 1.2% during the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company's stock valued at $979,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $2.31 during midday trading on Wednesday, hitting $119.10. 6,811,272 shares of the company were exchanged, compared to its average volume of 4,410,222. The firm has a 50 day simple moving average of $121.94 and a 200-day simple moving average of $127.88. 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 cap of $101.73 billion, a P/E ratio of 17.62, a PEG ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95.

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

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.51%. United Parcel Service's payout ratio is currently 97.04%.

Wall Street Analysts Forecast Growth

UPS has been the topic of several analyst reports. Evercore ISI increased their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a research report on Wednesday, January 22nd. Morgan Stanley cut 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. Wells Fargo & Company lowered their target price on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating for the company in a report on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a "market perform" rating to an "outperform" rating and decreased their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Citigroup dropped their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.73.

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.