Jeppson Wealth Management LLC Has $434,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Jeppson Wealth Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 42.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,943 shares of the transportation company’s stock after acquiring an additional 1,175 shares during the period. Jeppson Wealth Management LLC’s holdings in United Parcel Service were worth $434,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in United Parcel Service during the fourth quarter worth $1,075,393,000. Raymond James Financial Inc. acquired a new position in United Parcel Service during the fourth quarter worth $393,680,000. Franklin Resources Inc. raised its holdings in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after buying an additional 1,337,058 shares during the last quarter. Finally, Amundi raised its holdings in United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after buying an additional 1,277,328 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of several research reports. Susquehanna lowered their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. BMO Capital Markets lowered their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Galvan Research lowered their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Loop Capital reduced their target price on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup reduced their target price on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $120.26.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $101.22 on Friday. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The firm has a market capitalization of $85.71 billion, a PE ratio of 14.76, a P/E/G ratio of 1.77 and a beta of 1.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $98.18 and a two-hundred day moving average price of $110.69.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service’s payout ratio is 95.63%.

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.