Resonant Capital Advisors LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,996 shares of the transportation company’s stock, valued at approximately $234,000.
A number of other large investors have also recently made changes to their positions in UPS. Sterneck Capital Management LLC grew its position in shares of United Parcel Service by 2.0% during the 4th quarter. Sterneck Capital Management LLC now owns 13,677 shares of the transportation company’s stock valued at $1,601,000 after acquiring an additional 266 shares during the period. Alberta Investment Management Corp lifted its position in United Parcel Service by 328.1% during the fourth quarter. Alberta Investment Management Corp now owns 62,500 shares of the transportation company’s stock valued at $7,316,000 after purchasing an additional 47,900 shares in the last quarter. Hilltop Holdings Inc. lifted its position in United Parcel Service by 2.6% during the fourth quarter. Hilltop Holdings Inc. now owns 7,838 shares of the transportation company’s stock valued at $918,000 after purchasing an additional 196 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in United Parcel Service by 9.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 302,058 shares of the transportation company’s stock valued at $32,691,000 after purchasing an additional 26,478 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in United Parcel Service during the fourth quarter valued at about $699,000. 56.49% of the stock is currently owned by institutional investors and hedge funds.
UPS traded up $5.28 during trading hours on Thursday, hitting $99.78. The company’s stock had a trading volume of 6,373,080 shares, compared to its average volume of 5,331,800. The business’s 50-day moving average price is $97.65 and its 200-day moving average price is $112.95. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $125.31. The stock has a market cap of $81.78 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 1.42 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.37.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 25th were given a $1.01 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.04 annualized dividend and a yield of 4.05%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.96. United Parcel Service’s dividend payout ratio (DPR) is currently 53.65%.
Several equities research analysts recently issued reports on UPS shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $127.00 target price on shares of United Parcel Service in a report on Thursday, March 12th. Cfra reduced their price objective on shares of United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating for the company in a research note on Thursday, January 30th. Raymond James decreased their price objective on shares of United Parcel Service from $140.00 to $135.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Credit Suisse Group restated a “neutral” rating and set a $116.00 target price (down previously from $122.00) on shares of United Parcel Service in a research note on Friday, January 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $115.00 target price on shares of United Parcel Service in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $121.63.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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