United Parcel Service, Inc. (NYSE:UPS) Position Increased by Cwm LLC

Cwm LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 56.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,419 shares of the transportation company’s stock after acquiring an additional 40,123 shares during the period. Cwm LLC’s holdings in United Parcel Service were worth $17,518,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on UPS shares. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and raised their target price for the company from $165.00 to $170.00 in a report on Friday, February 16th. BMO Capital Markets raised their target price on United Parcel Service from $160.00 to $165.00 and gave the company a “market perform” rating in a report on Wednesday, March 27th. Daiwa Capital Markets lowered United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 target price on the stock. in a report on Tuesday, December 26th. HSBC cut their target price on United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Finally, Evercore ISI restated an “in-line” rating and set a $154.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $165.61.

Get Our Latest Stock Report on United Parcel Service

Insider Buying and Selling

In related news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

UPS stock opened at $142.77 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day moving average price of $149.48 and a 200 day moving average price of $151.16. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80. The stock has a market capitalization of $121.73 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. During the same quarter in the previous year, the company posted $3.62 EPS. United Parcel Service’s revenue was down 7.8% on a year-over-year basis. Analysts forecast that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

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

About United Parcel Service

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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