Asset Planning Inc Makes New $150,000 Investment in United Parcel Service, Inc. (NYSE:UPS)

Asset Planning Inc acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,189 shares of the transportation company’s stock, valued at approximately $150,000.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp grew its holdings in shares of United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after acquiring an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after acquiring an additional 373,202 shares in the last quarter. International Assets Investment Management LLC lifted its stake in United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the last quarter. Finally, FMR LLC lifted its stake in United Parcel Service by 3.7% in the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after purchasing an additional 380,229 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $115.74 on Friday. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The company’s fifty day simple moving average is $124.96 and its 200 day simple moving average is $128.96. The firm has a market cap of $98.77 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.50 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the company posted $2.47 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. The ex-dividend date is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.67%. United Parcel Service’s dividend payout ratio is currently 96.45%.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group cut their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus cut their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research note on Wednesday, January 8th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $140.73.

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.