United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 16.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,094 shares of the transportation company’s stock after purchasing an additional 14,837 shares during the period. Private Advisor Group LLC’s holdings in United Parcel Service were worth $16,524,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. MWA Asset Management acquired a new stake in United Parcel Service in the 3rd quarter worth approximately $2,125,000. Chesapeake Wealth Management boosted its stake in United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC raised its position in United Parcel Service by 13.1% during the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after buying an additional 44,721 shares during the last quarter. CapWealth Advisors LLC raised its position in United Parcel Service by 1.2% during the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after buying an additional 686 shares during the last quarter. Finally, Telos Capital Management Inc. raised its position in United Parcel Service by 1.0% during the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after buying an additional 740 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UPS shares. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Wednesday, April 3rd. TD Cowen reduced their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, Raymond James cut their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given 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 $165.23.

United Parcel Service Trading Up 0.2 %

Shares of UPS stock traded up $0.25 on Monday, hitting $146.68. 2,073,568 shares of the stock traded hands, compared to its average volume of 4,192,927. The firm’s 50-day moving average price is $149.38 and its two-hundred day moving average price is $150.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market capitalization of $125.07 billion, a PE ratio of 21.26, a PEG ratio of 1.68 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.45%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

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.