Collaborative Wealth Managment Inc. Buys 2,100 Shares of United Parcel Service, Inc. (NYSE:UPS)

Collaborative Wealth Managment Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 95.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,306 shares of the transportation company’s stock after purchasing an additional 2,100 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in United Parcel Service were worth $543,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IFS Advisors LLC grew its position in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the period. True Wealth Design LLC grew its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $34,000. Hopwood Financial Services Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $35,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of United Parcel Service in the 3rd quarter worth about $36,000. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UPS shares. Truist Financial started coverage on shares of United Parcel Service in a research report on Thursday. They issued a “buy” rating and a $140.00 target price on the stock. Evercore ISI increased their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 price objective on the stock. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Price Performance

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

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping 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 in the previous year, the firm posted $2.47 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

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

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.