Nvest Financial LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 4,641 shares of the transportation company’s stock, valued at approximately $460,000.
A number of other institutional investors also recently added to or reduced their stakes in UPS. Brighton Jones LLC increased its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $277,000. SVB Wealth LLC acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $848,000. Treasurer of the State of North Carolina increased its holdings in shares of United Parcel Service by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock valued at $34,609,000 after acquiring an additional 9,124 shares during the period. Finally, Ieq Capital LLC increased its holdings in shares of United Parcel Service by 154.5% in the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after acquiring an additional 63,629 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Price Performance
Shares of NYSE UPS opened at $108.74 on Thursday. The firm has a market capitalization of $92.43 billion, a P/E ratio of 17.60, a PEG ratio of 1.73 and a beta of 1.05. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The company’s fifty day moving average is $101.74 and its two-hundred day moving average is $103.43. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.
United Parcel Service Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio is 106.15%.
Analysts Set New Price Targets
UPS has been the topic of a number of recent research reports. Susquehanna lifted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Evercore cut their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Citigroup boosted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note 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. Finally, UBS Group dropped their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $111.50.
View Our Latest Stock Report on UPS
About United Parcel Service
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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