United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,420 shares of the transportation company’s stock after buying an additional 743 shares during the quarter. Parallel Advisors LLC’s holdings in United Parcel Service were worth $2,071,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UPS. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the 4th quarter valued at about $25,000. IFS Advisors LLC lifted its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC boosted its holdings in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in United Parcel Service in the fourth quarter worth approximately $34,000. Finally, Hopwood Financial Services Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at $35,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.7 %

UPS stock opened at $118.85 on Wednesday. The stock has a market capitalization of $101.51 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a 50-day moving average of $120.67 and a two-hundred day moving average of $127.25. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the company posted $2.47 EPS. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 5.52%. United Parcel Service’s dividend payout ratio is 97.04%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Loop Capital decreased their target price on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. UBS Group dropped their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America lowered their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service 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.