United Asset Strategies Inc. Grows Holdings in United Parcel Service, Inc. (NYSE:UPS)

United Asset Strategies Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,589 shares of the transportation company’s stock after purchasing an additional 622 shares during the period. United Asset Strategies Inc.’s holdings in United Parcel Service were worth $2,923,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. RB Capital Management LLC lifted its position in United Parcel Service by 3.1% during the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock worth $577,000 after acquiring an additional 81 shares during the period. Ergoteles LLC acquired a new stake in shares of United Parcel Service during the first quarter worth $1,162,000. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of United Parcel Service by 10.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after purchasing an additional 112 shares during the period. First Western Trust Bank purchased a new position in United Parcel Service in the 1st quarter valued at $515,000. Finally, Stevens Capital Management LP acquired a new position in United Parcel Service in the 1st quarter valued at $701,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Barclays reduced their price target on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. HSBC reduced their target price on United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Finally, Raymond James lowered their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $165.61.

United Parcel Service Trading Down 0.2 %

Shares of UPS stock traded down $0.34 during trading hours on Tuesday, hitting $144.51. 1,305,538 shares of the company were exchanged, compared to its average volume of 4,281,349. The firm has a fifty day moving average of $149.81 and a 200 day moving average of $151.49. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.80. The firm has a market cap of $123.22 billion, a PE ratio of 18.36, a PEG ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the business earned $3.62 EPS. Analysts expect that United Parcel Service, Inc. will post 8.21 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.51%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is 83.70%.

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.