Tennessee Valley Asset Management Partners Buys New Position in United Parcel Service, Inc. (NYSE:UPS)

Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 167 shares of the transportation company’s stock, valued at approximately $26,000.

Several other institutional investors have also added to or reduced their stakes in UPS. GHP Investment Advisors Inc. boosted its holdings in United Parcel Service by 2.3% in the third quarter. GHP Investment Advisors Inc. now owns 16,673 shares of the transportation company’s stock valued at $2,586,000 after acquiring an additional 371 shares during the last quarter. Meridian Wealth Management LLC boosted its holdings in United Parcel Service by 2.6% in the third quarter. Meridian Wealth Management LLC now owns 6,058 shares of the transportation company’s stock valued at $944,000 after acquiring an additional 153 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of United Parcel Service by 0.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 42,132 shares of the transportation company’s stock worth $6,567,000 after buying an additional 274 shares in the last quarter. Strategic Blueprint LLC boosted its holdings in shares of United Parcel Service by 23.4% during the 3rd quarter. Strategic Blueprint LLC now owns 7,789 shares of the transportation company’s stock worth $1,214,000 after buying an additional 1,476 shares in the last quarter. Finally, ARK Investment Management LLC boosted its holdings in shares of United Parcel Service by 7.3% during the 3rd quarter. ARK Investment Management LLC now owns 11,954 shares of the transportation company’s stock worth $1,863,000 after buying an additional 817 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 1.5 %

Shares of United Parcel Service stock opened at $146.61 on Thursday. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98. The stock’s 50-day simple moving average is $149.57 and its 200 day simple moving average is $151.03. The stock has a market capitalization of $125.01 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the previous year, the business posted $2.20 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s payout ratio is currently 83.70%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $170.00 in a report on Friday, February 16th. Bank of America increased their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. cut their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Barclays cut their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Finally, Argus cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $166.09.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

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.