Family Legacy Inc. Boosts Position in United Parcel Service, Inc. (NYSE:UPS)

Family Legacy Inc. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,689 shares of the transportation company’s stock after purchasing an additional 160 shares during the period. Family Legacy Inc.’s holdings in United Parcel Service were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in UPS. Public Sector Pension Investment Board lifted its position in shares of United Parcel Service by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company’s stock worth $4,402,000 after purchasing an additional 4,100 shares during the last quarter. Arete Wealth Advisors LLC increased its holdings in shares of United Parcel Service by 69.0% during the third quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company’s stock valued at $2,591,000 after purchasing an additional 7,786 shares during the period. Encompass More Asset Management boosted its stake in United Parcel Service by 26.1% during the 3rd quarter. Encompass More Asset Management now owns 2,040 shares of the transportation company’s stock valued at $278,000 after purchasing an additional 422 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in shares of United Parcel Service by 4.5% during the 3rd quarter. Semmax Financial Advisors Inc. now owns 24,923 shares of the transportation company’s stock worth $3,243,000 after acquiring an additional 1,065 shares in the last quarter. Finally, True Wealth Design LLC lifted 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 valued at $29,000 after acquiring an additional 171 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UPS shares. Loop Capital cut their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company reduced their target price on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday. 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 report on Tuesday, March 25th. Finally, Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.57.

United Parcel Service Stock Down 1.2 %

United Parcel Service stock opened at $109.66 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $93.66 billion, a P/E ratio of 16.22, a PEG ratio of 1.55 and a beta of 0.94. The stock has a 50-day simple moving average of $118.52 and a 200-day simple moving average of $126.40. United Parcel Service, Inc. has a fifty-two week low of $108.87 and a fifty-two week high of $154.29.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 business earned $2.47 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.98%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio 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.