WealthTrak Capital Management LLC Buys New Shares in United Parcel Service, Inc. (NYSE:UPS)

WealthTrak Capital Management LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,888 shares of the transportation company's stock, valued at approximately $364,000.

Several other large investors also recently made changes to their positions in the stock. CreativeOne Wealth LLC boosted its stake in United Parcel Service by 23.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 14,532 shares of the transportation company's stock valued at $1,981,000 after purchasing an additional 2,720 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in United Parcel Service by 7.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 285,266 shares of the transportation company's stock valued at $38,893,000 after buying an additional 19,666 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of United Parcel Service by 6.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,639,272 shares of the transportation company's stock valued at $632,518,000 after buying an additional 292,777 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of United Parcel Service by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company's stock valued at $4,402,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its holdings in United Parcel Service by 44.4% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 55,829 shares of the transportation company's stock valued at $7,612,000 after purchasing an additional 17,155 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have commented on UPS. Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. UBS Group decreased their price objective on United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 price target on the stock. Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and cut their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $135.83.

United Parcel Service Trading Down 0.7 %

NYSE UPS traded down $0.79 during trading hours on Tuesday, hitting $109.20. 2,609,701 shares of the company's stock were exchanged, compared to its average volume of 6,327,493. The firm has a market cap of $93.28 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1-year low of $108.30 and a 1-year high of $154.29. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a 50-day simple moving average of $118.12 and a 200 day simple moving average of $126.27.

United Parcel Service (NYSE:UPS - Get Free Report) last posted 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 net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the firm earned $2.47 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.01%. United Parcel Service's payout ratio is presently 97.04%.

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.