Everpar Advisors LLC Takes $266,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Everpar Advisors LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,693 shares of the transportation company’s stock, valued at approximately $266,000.

A number of other hedge funds have also modified their holdings of UPS. OFI Invest Asset Management acquired a new stake in United Parcel Service during the third quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service during the fourth quarter worth about $26,000. Life Planning Partners Inc acquired a new stake in United Parcel Service during the fourth quarter worth about $28,000. Bourgeon Capital Management LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $31,000. Finally, VisionPoint Advisory Group LLC grew its holdings in United Parcel Service by 69.5% during the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after acquiring an additional 98 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UPS shares. Oppenheimer increased their price target on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Susquehanna increased their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and raised their target price for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Finally, Barclays decreased their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. 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 company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Trading Up 0.5 %

Shares of NYSE UPS traded up $0.68 during trading on Wednesday, reaching $147.77. The stock had a trading volume of 2,799,596 shares, compared to its average volume of 4,164,817. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The business’s 50-day moving average price is $149.35 and its 200-day moving average price is $150.53. The company has a market cap of $126.00 billion, a P/E ratio of 21.42, a PEG ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business 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 firm posted $2.20 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.41%. United Parcel Service’s payout ratio is 94.49%.

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.