United Parcel Service, Inc. (NYSE:UPS) Position Increased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 10.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,885 shares of the transportation company’s stock after acquiring an additional 378 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in United Parcel Service were worth $490,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% in 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 in the last quarter. True Wealth Design LLC raised its position 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 valued at $29,000 after buying an additional 171 shares during the period. Whipplewood Advisors LLC purchased a new stake in United Parcel Service in the 4th quarter worth about $34,000. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service during the third quarter worth approximately $36,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $116.90 on Friday. The business’s 50 day moving average is $120.91 and its 200-day moving average is $127.38. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $99.85 billion, a PE ratio of 17.29, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the firm posted $2.47 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.61%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UPS. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Evercore ISI boosted their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Morgan Stanley decreased their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.09.

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.