Petros Family Wealth LLC Purchases New Position in United Parcel Service, Inc. (NYSE:UPS)

Petros Family Wealth LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,667 shares of the transportation company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. Pacific Sage Partners LLC boosted its position in shares of United Parcel Service by 4.8% during the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares in the last quarter. Quent Capital LLC lifted its position in United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after buying an additional 80 shares during the period. Gleason Group Inc. boosted its holdings in shares of United Parcel Service by 1.3% during the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock valued at $840,000 after buying an additional 84 shares in the last quarter. Versant Capital Management Inc grew its position in shares of United Parcel Service by 2.5% in the 4th quarter. Versant Capital Management Inc now owns 3,583 shares of the transportation company’s stock worth $452,000 after buying an additional 89 shares during the period. Finally, Altus Wealth Group LLC increased its stake in shares of United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after acquiring an additional 89 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UPS. UBS Group dropped their price target on United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Barclays dropped their target price on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a report on Monday, March 31st. Loop Capital reduced their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group lowered their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company cut their price objective on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $131.32.

United Parcel Service Stock Performance

UPS opened at $96.95 on Friday. The company’s 50 day moving average is $112.11 and its 200 day moving average is $123.97. 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 company has a market cap of $82.81 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42.

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 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 in the previous year, the firm posted $2.47 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.77%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

United Parcel Service 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.