Advisortrust Partners LLC Purchases Shares of 5,057 United Parcel Service, Inc. $UPS

Advisortrust Partners LLC acquired a new stake in 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 fund acquired 5,057 shares of the transportation company’s stock, valued at approximately $502,000.

A number of other hedge funds have also recently made changes to their positions in the business. Shrier Wealth Management LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at about $1,099,000. Victory Capital Management Inc. increased its holdings in shares of United Parcel Service by 10.5% in the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after purchasing an additional 761,217 shares during the last quarter. LFG Wealth Partners LLC bought a new stake in shares of United Parcel Service in the fourth quarter worth about $1,207,000. Bank of New York Mellon Corp lifted its position in shares of United Parcel Service by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after buying an additional 65,652 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its position in shares of United Parcel Service by 192.7% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock worth $1,957,000 after buying an additional 12,993 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on UPS. Susquehanna raised their price target on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. UBS Group decreased their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Evercore cut their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Citigroup upped their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Trading Up 0.4%

Shares of UPS stock opened at $105.29 on Friday. The company has a market cap of $89.50 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The stock’s 50 day simple moving average is $104.09 and its two-hundred day simple moving average is $104.47. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

United Parcel Service Company 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.