Ted Buchan & Co Buys Shares of 7,707 United Parcel Service, Inc. (NYSE:UPS)

Ted Buchan & Co purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,707 shares of the transportation company's stock, valued at approximately $972,000.

Several other institutional investors and hedge funds have also made changes to their positions in UPS. Principal Financial Group Inc. raised its holdings in shares of United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in United Parcel Service in the 4th quarter valued at about $461,000. Synovus Financial Corp lifted its holdings in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock valued at $11,934,000 after purchasing an additional 6,941 shares in the last quarter. HF Advisory Group LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $1,305,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after buying an additional 28,108 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.4 %

Shares of United Parcel Service stock traded up $0.32 during trading on Wednesday, reaching $92.24. The company had a trading volume of 2,335,315 shares, compared to its average volume of 4,748,497. 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 firm's fifty day moving average is $113.30 and its 200-day moving average is $124.82. United Parcel Service, Inc. has a fifty-two week low of $90.13 and a fifty-two week high of $153.42. The company has a market cap of $78.79 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

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United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 last year, the company posted $2.47 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is currently 97.04%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UPS shares. Citigroup decreased their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday. Loop Capital dropped their target price on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Morgan Stanley decreased their price target 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. Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.