United Parcel Service, Inc. (NYSE:UPS) Shares Bought by CapWealth Advisors LLC

CapWealth Advisors LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,184 shares of the transportation company’s stock after purchasing an additional 686 shares during the quarter. CapWealth Advisors LLC’s holdings in United Parcel Service were worth $9,148,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of United Parcel Service in the third quarter valued at $25,000. IMA Wealth Inc. lifted its position in shares of United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in shares of United Parcel Service in the first quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $26,000. Finally, Worth Asset Management LLC purchased a new stake in shares of United Parcel Service in the first quarter valued at $27,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $153.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Morgan Stanley upped their target price on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Finally, BMO Capital Markets increased their target price on United Parcel Service from $160.00 to $165.00 and gave the company a “market perform” rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.61.

United Parcel Service Stock Up 0.4 %

Shares of UPS stock traded up $0.51 on Thursday, reaching $142.76. 1,148,796 shares of the company’s stock traded hands, compared to its average volume of 4,277,554. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $121.72 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The business’s 50 day moving average price is $149.65 and its two-hundred day moving average price is $151.34.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business had revenue of $24.92 billion for the quarter, compared to the consensus estimate of $25.40 billion. During the same quarter in the previous year, the company posted $3.62 earnings per share. United Parcel Service’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.57%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is 83.70%.

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.