21,124 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,124 shares of the transportation company's stock, valued at approximately $2,664,000.

Other institutional investors also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth $26,000. IFS Advisors LLC raised its position in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after buying an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service in the 4th quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Up 3.3 %

Shares of NYSE:UPS traded up $3.10 during mid-day trading on Thursday, reaching $97.30. The stock had a trading volume of 2,664,291 shares, compared to its average volume of 6,441,364. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $153.42. The firm has a 50 day simple moving average of $111.12 and a two-hundred day simple moving average of $123.27. The firm has a market cap of $83.11 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business earned $2.47 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.74%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Loop Capital lowered their target price on United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a report on Friday, March 7th. They set a "hold" rating and a $119.00 target price on the stock. StockNews.com cut United Parcel Service from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Morgan Stanley decreased their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Finally, Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $131.32.

United Parcel Service Company 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.