PCG Asset Management LLC Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

PCG Asset Management LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,032 shares of the transportation company’s stock, valued at approximately $382,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFS Advisors LLC grew its position in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in United Parcel Service in the 4th quarter worth approximately $34,000. Finally, FSA Wealth Management LLC bought a new position in United Parcel Service in the 3rd quarter valued at approximately $36,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $118.97 on Friday. The company has a market capitalization of $101.62 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The firm’s 50 day simple moving average is $122.41 and its two-hundred day simple moving average is $128.08. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 business posted $2.47 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.51%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Wall Street Analyst Weigh In

A number of analysts have commented on UPS shares. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Bank of America decreased their price objective on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a report on Friday, January 31st. UBS Group dropped their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus 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.