2,825 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by Kiker Wealth Management LLC

Kiker Wealth Management LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,825 shares of the transportation company’s stock, valued at approximately $356,000.

Several other large investors also recently bought and sold shares of the stock. Prospera Private Wealth LLC raised its holdings in United Parcel Service by 4.3% during the third quarter. Prospera Private Wealth LLC now owns 5,094 shares of the transportation company’s stock worth $695,000 after purchasing an additional 210 shares in the last quarter. Moors & Cabot Inc. increased its holdings in United Parcel Service by 28.2% in the third quarter. Moors & Cabot Inc. now owns 16,877 shares of the transportation company’s stock valued at $2,301,000 after buying an additional 3,715 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in United Parcel Service by 1.9% in the third quarter. Citizens Financial Group Inc. RI now owns 14,624 shares of the transportation company’s stock valued at $1,994,000 after buying an additional 275 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in United Parcel Service in the third quarter valued at about $3,511,000. Finally, Cypress Capital Group increased its holdings in United Parcel Service by 2.2% in the third quarter. Cypress Capital Group now owns 17,565 shares of the transportation company’s stock valued at $2,395,000 after buying an additional 373 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $117.00 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $99.94 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.55 and a beta of 0.94. The firm’s fifty day simple moving average is $120.29 and its 200 day simple moving average is $127.11. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 last year, the business posted $2.47 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.61%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Raymond James cut their price objective 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $138.09.

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.