1,641 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by WealthCare Investment Partners LLC

WealthCare Investment Partners LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,641 shares of the transportation company’s stock, valued at approximately $244,000.

A number of other hedge funds have also bought and sold shares of UPS. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service in the fourth quarter valued at approximately $26,000. Life Planning Partners Inc acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Northwest Financial Advisors acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, Security National Bank acquired a new position in United Parcel Service in the fourth quarter valued at approximately $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $1.13 during trading on Thursday, hitting $137.02. The company had a trading volume of 644,430 shares, compared to its average volume of 4,023,247. The company has a market cap of $117.23 billion, a P/E ratio of 19.86, a PEG ratio of 1.70 and a beta of 1.01. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The business’s 50-day moving average is $142.05 and its 200 day moving average is $148.90. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

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

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.76%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Ratings Changes

A number of brokerages have commented on UPS. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Morgan Stanley boosted their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Bank of America boosted their price objective on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets boosted their price objective on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus target price of $164.55.

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.