Altrius Capital Management Inc Grows Stake in United Parcel Service, Inc. $UPS

Altrius Capital Management Inc boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,747 shares of the transportation company’s stock after acquiring an additional 12,090 shares during the quarter. Altrius Capital Management Inc’s holdings in United Parcel Service were worth $4,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Evelyn Partners Investment Management Europe Ltd raised its stake in shares of United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new stake in United Parcel Service in the 2nd quarter worth about $26,000. Salzhauer Michael bought a new stake in United Parcel Service in the third quarter worth about $31,000. Physician Wealth Advisors Inc. boosted its position in shares of United Parcel Service by 76.5% during the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after buying an additional 163 shares during the period. Finally, RMG Wealth Management LLC bought a new position in shares of United Parcel Service during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UPS shares. Wells Fargo & Company raised their price target on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Citigroup lowered their target price on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Finally, HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $113.67.

United Parcel Service Price Performance

NYSE UPS opened at $116.76 on Thursday. The firm’s fifty day simple moving average is $102.86 and its two-hundred day simple moving average is $93.84. The firm has a market capitalization of $99.06 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.77 and a beta of 1.11. The company has a current ratio of 1.22, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $123.70.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter last year, the firm earned $2.75 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 5.6%. United Parcel Service’s dividend payout ratio is 100.00%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by company insiders.

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.