Summit Financial Wealth Advisors LLC Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Summit Financial Wealth Advisors LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,074 shares of the transportation company's stock after purchasing an additional 14,989 shares during the period. United Parcel Service comprises 1.9% of Summit Financial Wealth Advisors LLC's portfolio, making the stock its 16th largest holding. Summit Financial Wealth Advisors LLC's holdings in United Parcel Service were worth $9,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Paralel Advisors LLC increased its position in shares of United Parcel Service by 10.0% during the 4th quarter. Paralel Advisors LLC now owns 16,894 shares of the transportation company's stock valued at $2,130,000 after purchasing an additional 1,536 shares during the last quarter. Zuckerman Investment Group LLC bought a new stake in United Parcel Service during the fourth quarter valued at approximately $963,000. Treasurer of the State of North Carolina increased its holdings in United Parcel Service by 0.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 329,362 shares of the transportation company's stock valued at $41,533,000 after buying an additional 1,480 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in United Parcel Service by 24.6% in the fourth quarter. Legacy Financial Advisors Inc. now owns 11,046 shares of the transportation company's stock worth $1,393,000 after acquiring an additional 2,183 shares during the period. Finally, Redwood Park Advisors LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth $82,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

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Wall Street Analysts Forecast Growth

UPS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective for the company. Stifel Nicolaus reduced their price target on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Raymond James lowered their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 8th. Wolfe Research upgraded shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. Finally, Susquehanna dropped their price target on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of "Hold" and an average price target of $131.32.

United Parcel Service Price Performance

UPS stock traded up $0.39 during trading on Friday, hitting $96.95. 5,542,916 shares of the company's stock traded hands, compared to its average volume of 4,808,906. The business has a fifty day simple moving average of $112.11 and a 200 day simple moving average of $123.97. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $153.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market capitalization of $82.81 billion, a price-to-earnings ratio of 14.34, a P/E/G 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 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 quarter in the previous year, the company earned $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS 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. Shareholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.77%. United Parcel Service's payout ratio is 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.