OV Management LLC Has $1.72 Million Position in United Parcel Service, Inc. (NYSE:UPS)

OV Management LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,621 shares of the transportation company’s stock after buying an additional 1,161 shares during the quarter. OV Management LLC’s holdings in United Parcel Service were worth $1,718,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. IFS Advisors LLC raised its position 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 purchasing an additional 151 shares during the last quarter. True Wealth Design LLC lifted its holdings in United Parcel Service by 397.7% during 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 in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in United Parcel Service in the 4th quarter valued at $30,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.3 %

Shares of United Parcel Service stock opened at $110.00 on Tuesday. The firm has a market cap of $93.96 billion, a PE ratio of 16.27, a P/E/G ratio of 1.55 and a beta of 0.94. The business’s 50 day simple moving average is $118.12 and its 200 day simple moving average is $126.27. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52-week low of $108.30 and a 52-week high of $154.29.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $2.47 EPS. On average, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.96%. 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 dividend payout ratio is currently 97.04%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group decreased their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Susquehanna lowered their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Bank of America cut their price target on United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th. Finally, StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.26.

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.