Global Assets Advisory LLC Acquires 1,097 Shares of United Parcel Service, Inc. (NYSE:UPS)

Global Assets Advisory LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 56.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,029 shares of the transportation company’s stock after buying an additional 1,097 shares during the period. Global Assets Advisory LLC’s holdings in United Parcel Service were worth $375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pacific Sage Partners LLC grew its position in shares of United Parcel Service by 4.8% in 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 during the last quarter. Quent Capital LLC boosted its stake in United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares during the period. Gleason Group Inc. grew its holdings in United Parcel Service by 1.3% in 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. Altus Wealth Group LLC increased its position in United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after buying an additional 89 shares during the period. Finally, Empirical Asset Management LLC lifted its holdings in shares of United Parcel Service by 0.8% during the fourth quarter. Empirical Asset Management LLC now owns 12,036 shares of the transportation company’s stock worth $1,518,000 after buying an additional 93 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of several research reports. Hsbc Global Res downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Bank of America decreased their target price on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Citigroup dropped their price target on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, Oppenheimer dropped their price objective on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $120.87.

United Parcel Service Price Performance

United Parcel Service stock opened at $95.92 on Friday. The stock has a 50-day moving average price of $104.28 and a two-hundred day moving average price of $118.93. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. The company has a market capitalization of $81.93 billion, a PE ratio of 14.19, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the business earned $1.43 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.84%. United Parcel Service’s dividend payout ratio is 95.63%.

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.