2,800 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Bridgewealth Advisory Group LLC

Bridgewealth Advisory Group LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,800 shares of the transportation company’s stock, valued at approximately $324,000.

Several other hedge funds also recently modified their holdings of UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at about $26,000. IFS Advisors LLC grew its stake in shares of United Parcel Service by 232.3% in 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 last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on UPS shares. Bank of America cut their price objective on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Raymond James decreased their price target on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group cut 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. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $126.41.

United Parcel Service Price Performance

UPS opened at $96.74 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company’s 50 day simple moving average is $107.82 and its 200-day simple moving average is $120.97. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $153.42. The stock has a market capitalization of $82.63 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.43 EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.78%. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

About United Parcel Service

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.