Opal Wealth Advisors LLC Invests $48,000 in United Parcel Service, Inc. (NYSE:UPS)

Opal Wealth Advisors LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 432 shares of the transportation company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the fourth quarter worth $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth $27,000. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service in the fourth quarter worth $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.0%

Shares of United Parcel Service stock opened at $99.89 on Monday. The stock has a fifty day simple moving average of $97.49 and a 200 day simple moving average of $112.52. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The company has a market capitalization of $84.58 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. United Parcel Service’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.57%. United Parcel Service’s dividend payout ratio is currently 95.63%.

Analysts Set New Price Targets

A number of brokerages recently commented on UPS. HSBC cut United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Thursday, May 1st. Loop Capital cut their price target on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Citigroup cut their price objective on United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Stifel Nicolaus cut their price objective on United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Barclays dropped their price target on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $120.26.

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.