RFG Bristol Wealth Advisors LLC Buys New Stake in United Parcel Service, Inc. (NYSE:UPS)

RFG Bristol Wealth Advisors LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,252 shares of the transportation company's stock, valued at approximately $914,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UPS shares. Barclays dropped their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday. Stifel Nicolaus lowered their target price 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 cut their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service currently has an average rating of "Moderate Buy" and an average target price of $135.83.

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United Parcel Service Stock Up 0.8 %

Shares of United Parcel Service stock traded up $0.90 during midday trading on Wednesday, hitting $110.16. The company had a trading volume of 4,509,181 shares, compared to its average volume of 4,669,280. United Parcel Service, Inc. has a 52-week low of $106.68 and a 52-week high of $154.29. The stock has a market capitalization of $94.10 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a 50 day moving average of $117.20 and a 200 day moving average of $126.04. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

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 (EPS) 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 quarter in the prior year, the firm posted $2.47 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.95%. 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. United Parcel Service's dividend payout ratio (DPR) 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.