Morey & Quinn Wealth Partners LLC Takes $458,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Morey & Quinn Wealth Partners LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,636 shares of the transportation company’s stock, valued at approximately $458,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the fourth quarter worth about $26,000. True Wealth Design LLC lifted its holdings in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. IFS Advisors LLC lifted its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $30,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS opened at $110.01 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $157.99. The company’s fifty day moving average is $119.63 and its 200-day moving average is $126.79. The firm has a market cap of $93.97 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the company earned $2.47 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.96%. The ex-dividend date was Tuesday, February 18th. 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%.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group cut their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus reduced their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Citigroup cut their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.91.

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.