Fortis Capital Advisors LLC Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Fortis Capital Advisors LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,000 shares of the transportation company’s stock, valued at approximately $472,000.

Several other institutional investors have also recently made changes to their positions in UPS. Harbor Capital Advisors Inc. increased its holdings in shares of United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares during the last quarter. First Financial Corp IN increased its holdings in shares of United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares during the last quarter. Gleason Group Inc. increased its holdings in shares of United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 69 shares during the last quarter. Finally, Dfpg Investments LLC increased its holdings in shares of United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays decreased their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Morgan Stanley boosted their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Finally, Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Stock Down 0.3 %

Shares of UPS stock traded down $0.44 during trading hours on Friday, reaching $138.66. The company had a trading volume of 2,995,428 shares, compared to its average volume of 2,760,187. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The business has a fifty day simple moving average of $147.85 and a 200-day simple moving average of $150.85. The company has a market cap of $118.63 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the business posted $2.20 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

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.