Intellus Advisors LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 20.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,513 shares of the transportation company’s stock after acquiring an additional 9,843 shares during the quarter. United Parcel Service comprises approximately 0.8% of Intellus Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Intellus Advisors LLC’s holdings in United Parcel Service were worth $5,804,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Coston McIsaac & Partners increased its stake in shares of 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 acquiring an additional 119 shares during the last quarter. Torren Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth $29,000. Physician Wealth Advisors Inc. increased its stake in shares of United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock worth $31,000 after acquiring an additional 163 shares during the last quarter. Winch Advisory Services LLC increased its stake in shares of United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after acquiring an additional 124 shares during the last quarter. Finally, Activest Wealth Management increased its stake in shares of United Parcel Service by 144.3% in the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after acquiring an additional 241 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on UPS. UBS Group cut their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group raised their target price on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Stifel Nicolaus raised their target price 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. Evercore cut their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. Finally, Citigroup raised their target price on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $111.87.
United Parcel Service Stock Down 0.6%
Shares of NYSE:UPS opened at $98.27 on Friday. The business has a 50-day moving average price of $100.33 and a 200 day moving average price of $102.73. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a market capitalization of $83.53 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.57 and a beta of 1.06. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period last year, the business posted $1.49 EPS. United Parcel Service’s revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current year.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors 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 yield of 6.7%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 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.
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