WealthTrak Capital Management LLC Invests $364,000 in United Parcel Service, Inc. (NYSE:UPS)

WealthTrak Capital Management LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,888 shares of the transportation company’s stock, valued at approximately $364,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service during the fourth quarter worth about $26,000. True Wealth Design LLC increased its stake in 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 acquiring an additional 171 shares during the last quarter. IFS Advisors LLC increased its stake in 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 acquiring an additional 151 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at about $30,000. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on UPS. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Truist Financial assumed coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They set a “buy” rating and a $140.00 price objective on the stock. Evercore ISI upped 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. Susquehanna lowered their price target on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Bank of America dropped their price target on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $137.57.

United Parcel Service Stock Performance

United Parcel Service stock opened at $109.66 on Friday. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $154.29. The firm has a market cap of $93.66 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.55 and a beta of 0.94. 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 50-day moving average of $118.52 and a 200-day moving average of $126.44.

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 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. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS 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 given a dividend of $1.64 per share. 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 5.98%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s payout ratio is presently 97.04%.

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.