United Parcel Service, Inc. (NYSE:UPS) Holdings Boosted by Waverly Advisors LLC

Waverly Advisors LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 77.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,428 shares of the transportation company’s stock after acquiring an additional 65,493 shares during the period. Waverly Advisors LLC’s holdings in United Parcel Service were worth $18,969,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Onyx Bridge Wealth Group LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $461,000. Allspring Global Investments Holdings LLC raised its holdings in shares of United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after buying an additional 28,108 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of United Parcel Service by 42.5% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company’s stock valued at $4,302,000 after buying an additional 10,176 shares during the last quarter. Bonness Enterprises Inc. raised its holdings in shares of United Parcel Service by 24.0% during the fourth quarter. Bonness Enterprises Inc. now owns 21,150 shares of the transportation company’s stock valued at $2,667,000 after buying an additional 4,100 shares during the last quarter. Finally, PUREfi Wealth LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $737,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 2.3%

NYSE UPS opened at $99.03 on Tuesday. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $149.57. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market cap of $84.59 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 1.55 and a beta of 1.23. The firm’s 50 day moving average price is $102.03 and its two-hundred day moving average price is $117.25.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same period in the previous year, the company posted $1.43 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.62%. The ex-dividend date is Monday, May 19th. United Parcel Service’s payout ratio is 95.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Hsbc Global Res cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Galvan Research dropped their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Evercore ISI boosted their target price on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Finally, Susquehanna dropped their target price on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $120.26.

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.