White Knight Strategic Wealth Advisors LLC Purchases 4,762 Shares of United Parcel Service, Inc. (NYSE:UPS)

White Knight Strategic Wealth Advisors LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 100.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,494 shares of the transportation company’s stock after purchasing an additional 4,762 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in United Parcel Service were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after buying an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock valued at $1,979,695,000 after acquiring an additional 414,710 shares during the period. Franklin Resources Inc. lifted its position in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares during the period. Finally, FMR LLC increased its position in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after purchasing an additional 268,278 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of several recent analyst reports. Wolfe Research cut their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Bank of America upped their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets decreased their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Evercore ISI upped their target price on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Finally, Susquehanna decreased their price target on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $120.26.

United Parcel Service Stock Performance

Shares of UPS stock opened at $99.03 on Tuesday. The stock has a market capitalization of $84.59 billion, a PE ratio of 14.65, a PEG ratio of 1.55 and a beta of 1.23. The business’s 50 day simple moving average is $102.03 and its 200 day simple moving average is $117.25. 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.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.62%. United Parcel Service’s payout ratio is currently 95.63%.

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.