Modern Wealth Management LLC Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

Modern Wealth Management LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 85.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,763 shares of the transportation company’s stock after purchasing an additional 5,431 shares during the period. Modern Wealth Management LLC’s holdings in United Parcel Service were worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacific Sage Partners LLC raised its holdings in 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 acquiring an additional 77 shares in the last quarter. Quent Capital LLC increased its position in shares of 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 last quarter. Gleason Group Inc. raised its holdings in shares of 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 purchasing an additional 84 shares in the last quarter. Dunhill Financial LLC lifted its position in shares of United Parcel Service by 4.9% during the 3rd quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company’s stock worth $250,000 after purchasing an additional 86 shares during the last quarter. Finally, Weaver Consulting Group grew its stake in shares of United Parcel Service by 3.0% during the third quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company’s stock worth $416,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on UPS shares. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price target for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Bank of America dropped their price target on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday. Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Evercore ISI increased their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.91.

United Parcel Service Trading Down 5.0 %

Shares of United Parcel Service stock opened at $110.01 on Wednesday. The business has a 50 day moving average price of $119.63 and a 200 day moving average price of $126.79. The company has a market capitalization of $93.97 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $157.99.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted $2.47 EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

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.