Linscomb Wealth Inc. Has $6.24 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Linscomb Wealth Inc. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 49,509 shares of the transportation company’s stock after buying an additional 1,447 shares during the quarter. Linscomb Wealth Inc.’s holdings in United Parcel Service were worth $6,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UPS. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the period. True Wealth Design LLC grew its position in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the period. Whipplewood Advisors LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $34,000. Finally, FSA Wealth Management LLC bought a new stake in United Parcel Service in the 3rd quarter valued at $36,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.6 %

United Parcel Service stock opened at $117.61 on Friday. The company has a market capitalization of $100.46 billion, a PE ratio of 17.40, a PEG ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The firm’s fifty day moving average is $122.54 and its 200 day moving average is $128.11. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the firm posted $2.47 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.58%. United Parcel Service’s payout ratio is currently 97.04%.

Analysts Set New Price Targets

Several research analysts have weighed in on UPS shares. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Raymond James dropped their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Susquehanna reduced their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Loop Capital dropped their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.