2,803 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by 1776 Wealth LLC

1776 Wealth LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,803 shares of the transportation company’s stock, valued at approximately $353,000.

Several other hedge funds have also recently bought and sold shares of UPS. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC increased its holdings in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. Whipplewood Advisors LLC purchased a new stake in United Parcel Service during the 4th quarter worth about $34,000. Hopwood Financial Services Inc. purchased a new stake in United Parcel Service during the 4th quarter worth about $35,000. Finally, FSA Wealth Management LLC purchased a new stake in United Parcel Service during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.0 %

NYSE:UPS opened at $115.17 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock’s 50 day simple moving average is $121.23 and its 200-day simple moving average is $127.55. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The firm has a market cap of $98.37 billion, a P/E ratio of 17.04, a PEG ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 period last year, the business posted $2.47 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.70%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UPS. Raymond James cut their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday, January 31st. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $130.00 in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company dropped their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Two equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $138.00.

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.