Barlow Wealth Partners Inc. Buys Shares of 1,638 United Parcel Service, Inc. (NYSE:UPS)

Barlow Wealth Partners Inc. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,638 shares of the transportation company’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after buying an additional 628,944 shares during the last quarter. International Assets Investment Management LLC raised its holdings in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Wellington Management Group LLP lifted its position in United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after purchasing an additional 2,331,875 shares in the last quarter. Northern Trust Corp grew its holdings in United Parcel Service by 0.4% during the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock valued at $1,311,177,000 after purchasing an additional 31,533 shares during the period. Finally, American Century Companies Inc. increased its position in United Parcel Service by 28.0% in the third quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock worth $379,245,000 after buying an additional 532,934 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.3 %

Shares of NYSE:UPS traded up $0.43 during trading on Tuesday, reaching $147.10. The company’s stock had a trading volume of 3,403,501 shares, compared to its average volume of 4,183,958. The stock has a market capitalization of $125.42 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm’s 50 day simple moving average is $149.35 and its two-hundred day simple moving average is $150.53.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the company earned $2.20 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders 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 dividend yield of 4.43%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on UPS shares. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Bank of America increased their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen decreased their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. BMO Capital Markets upped their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. Finally, Oppenheimer raised their price target on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $165.23.

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.