Bridgewealth Advisory Group LLC Invests $324,000 in United Parcel Service, Inc. (NYSE:UPS)

Bridgewealth Advisory Group LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,800 shares of the transportation company's stock, valued at approximately $324,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new position in United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service in the fourth quarter valued at about $26,000. IFS Advisors LLC lifted its holdings in 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 acquiring an additional 151 shares during the period. Runnymede Capital Advisors Inc. bought a new position in United Parcel Service in the fourth quarter valued at about $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in United Parcel Service in the fourth quarter valued at about $31,000. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. Raymond James lowered their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research report on Thursday. Wolfe Research reduced their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Galvan Research lowered their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $120.87.

United Parcel Service Trading Down 0.7 %

UPS stock traded down $0.66 during trading on Thursday, hitting $94.64. The company had a trading volume of 7,498,333 shares, compared to its average volume of 4,934,229. The firm has a market capitalization of $80.84 billion, a P/E ratio of 14.00, a PEG ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42. The company has a 50 day simple moving average of $106.98 and a 200-day simple moving average of $120.52. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 EPS. As a group, research analysts forecast 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 announced 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 annualized dividend and a yield of 6.93%. This is a boost 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%.

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.