TrinityPoint Wealth LLC Has $717,000 Position in United Parcel Service, Inc. (NYSE:UPS)

TrinityPoint Wealth LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,687 shares of the transportation company’s stock after purchasing an additional 376 shares during the period. TrinityPoint Wealth LLC’s holdings in United Parcel Service were worth $717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UPS. Hennion & Walsh Asset Management Inc. boosted its stake in United Parcel Service by 68.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,937 shares of the transportation company’s stock valued at $1,631,000 after acquiring an additional 5,241 shares during the last quarter. Sax Wealth Advisors LLC boosted its stake in United Parcel Service by 31.1% in the fourth quarter. Sax Wealth Advisors LLC now owns 6,229 shares of the transportation company’s stock valued at $786,000 after acquiring an additional 1,476 shares during the last quarter. HB Wealth Management LLC boosted its stake in United Parcel Service by 18.8% in the fourth quarter. HB Wealth Management LLC now owns 39,106 shares of the transportation company’s stock valued at $4,931,000 after acquiring an additional 6,183 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in United Parcel Service by 636.8% in the fourth quarter. Ameritas Advisory Services LLC now owns 58,465 shares of the transportation company’s stock valued at $7,372,000 after acquiring an additional 50,530 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in United Parcel Service by 7.3% in the fourth quarter. Financial Management Professionals Inc. now owns 2,714 shares of the transportation company’s stock valued at $342,000 after acquiring an additional 184 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.8%

Shares of NYSE:UPS opened at $101.20 on Monday. The company’s 50-day moving average price is $102.36 and its two-hundred day moving average price is $117.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $149.57. The stock has a market capitalization of $86.44 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Loop Capital reduced their price target on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Bank of America lifted their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. Wolfe Research reduced their price target on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Morgan Stanley reduced their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $120.26.

United Parcel Service 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.