RFG Bristol Wealth Advisors LLC Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

RFG Bristol Wealth Advisors LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,252 shares of the transportation company’s stock, valued at approximately $914,000.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after acquiring an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in United Parcel Service during the 4th quarter worth $461,000. Synovus Financial Corp increased its position in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after acquiring an additional 6,941 shares during the period. HF Advisory Group LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after purchasing an additional 28,108 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 0.6 %

NYSE UPS opened at $109.29 on Wednesday. The firm has a market capitalization of $93.35 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.55 and a beta of 0.94. 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, Inc. has a one year low of $108.18 and a one year high of $154.29. The company’s 50 day moving average price is $117.65 and its 200 day moving average price is $126.15.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS 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 in the prior year, the firm posted $2.47 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 6.00%. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Barclays dropped their price target on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday. Citigroup reduced their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $130.00 in a report on Friday, January 31st. Finally, Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.83.

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.