6,580 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by LM Advisors LLC

LM Advisors LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,580 shares of the transportation company’s stock, valued at approximately $830,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter worth $26,000. IFS Advisors LLC boosted its holdings in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the period. True Wealth Design LLC raised 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 worth $29,000 after acquiring an additional 171 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the 4th quarter worth $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UPS shares. Truist Financial assumed coverage on United Parcel Service in a research note on Thursday, March 13th. They issued a “buy” rating and a $140.00 price objective on the stock. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, Raymond James cut their target price on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $137.91.

United Parcel Service Stock Up 0.9 %

Shares of NYSE:UPS opened at $110.94 on Thursday. The company’s fifty day moving average is $119.30 and its 200-day moving average is $126.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $154.29. The company has a market capitalization of $94.76 billion, a PE ratio of 16.41, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 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 firm earned $2.47 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.91%. United Parcel Service’s payout ratio is presently 97.04%.

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.