Octavia Wealth Advisors LLC Has $1.03 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Octavia Wealth Advisors LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 17.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,397 shares of the transportation company’s stock after buying an additional 1,402 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in United Parcel Service were worth $1,034,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Quent Capital LLC lifted its position in United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after buying an additional 80 shares during the last quarter. Altus Wealth Group LLC grew its position in United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after acquiring an additional 89 shares during the last quarter. Alliance Wealth Advisors LLC raised its stake in shares of United Parcel Service by 3.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company’s stock worth $323,000 after acquiring an additional 94 shares in the last quarter. Morningstar Investment Management LLC lifted its holdings in shares of United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company’s stock worth $637,000 after acquiring an additional 95 shares during the last quarter. Finally, Colonial Trust Co SC boosted its stake in shares of United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock valued at $911,000 after purchasing an additional 98 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 1.4%

UPS stock opened at $98.24 on Monday. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company has a market capitalization of $83.19 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The business’s 50 day moving average price is $97.32 and its two-hundred day moving average price is $113.74. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

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

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analyst Weigh In

Several research firms have weighed in on UPS. Susquehanna lowered their price target on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Wall Street Zen downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Galvan Research dropped their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Bank of America lifted their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, UBS Group dropped their price objective on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $120.26.

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.