United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by PDS Planning Inc

PDS Planning Inc boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,583 shares of the transportation company’s stock after acquiring an additional 327 shares during the quarter. PDS Planning Inc’s holdings in United Parcel Service were worth $4,361,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Retirement Planning Co of New England Inc. lifted its holdings in United Parcel Service by 4.8% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 2,519 shares of the transportation company’s stock worth $318,000 after buying an additional 116 shares in the last quarter. Mystic Asset Management Inc. lifted its holdings in United Parcel Service by 22.0% in the 4th quarter. Mystic Asset Management Inc. now owns 4,430 shares of the transportation company’s stock worth $559,000 after buying an additional 799 shares in the last quarter. Leelyn Smith LLC acquired a new position in United Parcel Service in the 4th quarter worth $2,656,000. RD Lewis Holdings Inc. acquired a new position in United Parcel Service in the 4th quarter worth $417,000. Finally, Haven Capital Group Inc. acquired a new position in United Parcel Service in the 4th quarter worth $268,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several research analyst reports. Susquehanna dropped their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Bank of America dropped their target price on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Loop Capital dropped their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their target price 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.09.

United Parcel Service Trading Up 1.2 %

United Parcel Service stock opened at $118.13 on Tuesday. The firm has a 50-day moving average price of $120.79 and a two-hundred day moving average price of $127.32. The firm has a market capitalization of $100.91 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. 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 issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 period last year, the company posted $2.47 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is currently 97.04%.

About United Parcel Service

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.