United Parcel Service, Inc. $UPS Shares Bought by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 243.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,972 shares of the transportation company’s stock after acquiring an additional 11,320 shares during the period. Summit Wealth Group LLC Co.’s holdings in United Parcel Service were worth $1,584,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Shrier Wealth Management LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $1,099,000. Victory Capital Management Inc. grew its stake in shares of 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 valued at $667,109,000 after buying an additional 761,217 shares during the period. Jaffetilchin Investment Partners LLC grew its stake in shares of United Parcel Service by 192.7% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after buying an additional 12,993 shares during the period. Integrity Advisory Solutions LLC purchased a new stake in shares of United Parcel Service in the 3rd quarter valued at approximately $6,868,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of United Parcel Service by 5.1% in the 3rd 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 buying an additional 71,764 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on UPS shares. Wells Fargo & Company increased their price objective on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Jefferies Financial Group increased their price objective on shares of United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Oppenheimer increased their price objective on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Evercore lowered their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Finally, Stephens increased their price objective on shares of United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. One equities research 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 company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $111.87.

United Parcel Service Stock Performance

Shares of UPS stock opened at $98.48 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The stock has a market capitalization of $83.62 billion, a PE ratio of 15.93, a P/E/G ratio of 1.59 and a beta of 1.06. The firm has a 50 day moving average of $101.53 and a two-hundred day moving average of $102.48.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter last year, the company posted $1.49 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, research analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders 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 dividend yield of 6.7%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

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.