TCG Advisory Services LLC Invests $1.20 Million in United Parcel Service, Inc. (NYSE:UPS)

TCG Advisory Services LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,646 shares of the transportation company’s stock, valued at approximately $1,202,000.

A number of other institutional investors also recently bought and sold shares of the stock. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service during the 4th quarter valued at about $26,000. OFI Invest Asset Management purchased a new position in United Parcel Service during the third quarter valued at approximately $25,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $28,000. Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth $31,000. Finally, VisionPoint Advisory Group LLC raised its position in shares of United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 98 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 0.5 %

NYSE UPS traded down $0.79 on Friday, hitting $146.43. 2,039,256 shares of the stock were exchanged, compared to its average volume of 3,606,672. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98. The firm has a market capitalization of $124.85 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.69 and a beta of 1.05. The stock has a fifty day moving average price of $149.39 and a two-hundred day moving average price of $150.67.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the previous year, the company earned $2.20 EPS. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. Research analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be issued a $1.63 dividend. The ex-dividend date is Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.45%. United Parcel Service’s payout ratio is 94.49%.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Evercore ISI reaffirmed an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $170.00 in a research note on Friday, February 16th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. Finally, Stifel Nicolaus cut their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $165.23.

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.