FAS Wealth Partners Inc. Boosts Stake in United Parcel Service, Inc. (NYSE:UPS)

FAS Wealth Partners Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPSFree Report) by 21.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,781 shares of the transportation company’s stock after purchasing an additional 1,883 shares during the period. FAS Wealth Partners Inc.’s holdings in United Parcel Service were worth $1,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VisionPoint Advisory Group LLC purchased a new stake in United Parcel Service in the 2nd quarter worth $25,000. OFI Invest Asset Management purchased a new stake in United Parcel Service in the 3rd quarter worth $25,000. IMA Wealth Inc. increased its stake in United Parcel Service by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after buying an additional 71 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in United Parcel Service in the 1st quarter worth $25,000. Finally, Worth Asset Management LLC purchased a new stake in United Parcel Service in the 1st quarter worth $27,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of analyst reports. Raymond James cut their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. Morgan Stanley increased their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Evercore ISI reissued an “in-line” rating and set a $154.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $170.00 in a report on Friday, February 16th. Finally, HSBC dropped their price objective on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $165.23.

Get Our Latest Stock Analysis on UPS

United Parcel Service Trading Up 1.1 %

UPS opened at $149.22 on Wednesday. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $127.23 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.70 and a beta of 1.05. The stock’s 50 day moving average price is $150.10 and its 200-day moving average price is $151.98.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. During the same quarter in the previous year, the business earned $3.62 EPS. United Parcel Service’s revenue was down 7.8% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service, Inc. will post 8.27 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.37%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is presently 83.70%.

About United Parcel Service

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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