LFG Wealth Partners LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 12,167 shares of the transportation company’s stock, valued at approximately $1,207,000.
Several other institutional investors have also recently made changes to their positions in the stock. IFC & Insurance Marketing Inc. purchased a new position in shares of United Parcel Service in the fourth quarter valued at $25,000. Coston McIsaac & Partners boosted its stake in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the period. Torren Management LLC purchased a new position in United Parcel Service during the 4th quarter valued at about $29,000. Winch Advisory Services LLC increased its position in shares of United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after buying an additional 124 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of United Parcel Service by 144.3% in the fourth quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Trading Up 0.7%
NYSE UPS opened at $108.87 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock has a market cap of $92.54 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.72 and a beta of 1.05. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The stock’s fifty day moving average price is $103.44 and its 200-day moving average price is $104.23.
United Parcel Service Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. United Parcel Service’s payout ratio is 106.15%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. UBS Group decreased their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Susquehanna lifted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Evercore dropped their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Finally, Citigroup boosted their target price on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.50.
View Our Latest Stock Report on UPS
United Parcel Service Company Profile
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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