Ignite Planners LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 39.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,536 shares of the transportation company’s stock after purchasing an additional 5,260 shares during the quarter. Ignite Planners LLC’s holdings in United Parcel Service were worth $1,969,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Shrier Wealth Management LLC bought a new stake in United Parcel Service during the 4th quarter valued at $1,099,000. Victory Capital Management Inc. grew its holdings in United Parcel Service by 10.5% in the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after acquiring an additional 761,217 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its position in shares of United Parcel Service by 192.7% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after acquiring an additional 12,993 shares during the period. Integrity Advisory Solutions LLC bought a new position in shares of United Parcel Service during the third quarter valued at about $6,868,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of United Parcel Service by 5.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,470,790 shares of the transportation company’s stock valued at $122,855,000 after acquiring an additional 71,764 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.
United Parcel Service Trading Down 0.6%
Shares of NYSE UPS opened at $98.27 on Friday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The firm has a 50-day moving average of $100.33 and a 200 day moving average of $102.73. The stock has a market cap of $83.53 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.
United Parcel Service Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s dividend payout ratio is presently 106.15%.
Analysts Set New Price Targets
Several research firms have weighed in on UPS. Stephens increased their price objective on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Stifel Nicolaus raised their price target on United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Oppenheimer boosted their price objective on shares of United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Finally, BMO Capital Markets lifted their target price on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.87.
Get Our Latest Analysis on United Parcel Service
United Parcel Service 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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