Foundations Investment Advisors LLC Buys 8,431 Shares of United Parcel Service, Inc. $UPS

Foundations Investment Advisors LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 41.9% in the 4th quarter, Holdings Channel reports. The firm owned 28,556 shares of the transportation company’s stock after buying an additional 8,431 shares during the period. Foundations Investment Advisors LLC’s holdings in United Parcel Service were worth $2,832,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in United Parcel Service by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after acquiring an additional 1,218,432 shares during the period. State Street Corp increased its holdings in shares of United Parcel Service by 0.9% in the third quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock worth $2,594,713,000 after acquiring an additional 288,720 shares in the last quarter. Geode Capital Management LLC raised its position in shares of United Parcel Service by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock worth $1,703,291,000 after purchasing an additional 240,253 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after purchasing an additional 761,217 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of United Parcel Service by 17.3% during the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock valued at $561,678,000 after purchasing an additional 993,461 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

NYSE:UPS opened at $106.85 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock’s 50 day moving average price is $101.02 and its two-hundred day moving average price is $103.08. The firm has a market capitalization of $90.82 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.70 and a beta of 1.06. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter last year, the company posted $1.49 EPS. United Parcel Service’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be paid a $1.64 dividend. The ex-dividend date is Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio is 106.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group dropped their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Citigroup increased their target price on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Evercore cut their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Finally, Susquehanna upped their price objective on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $111.50.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.