ABLE Financial Group LLC Acquires Shares of 3,683 United Parcel Service, Inc. (NYSE:UPS)

ABLE Financial Group LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,683 shares of the transportation company's stock, valued at approximately $464,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $1,075,393,000. Raymond James Financial Inc. purchased a new stake in United Parcel Service in the 4th quarter valued at $393,680,000. Franklin Resources Inc. raised its stake in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. Van ECK Associates Corp raised its stake in shares of United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock worth $397,329,000 after purchasing an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Up 1.4%

Shares of United Parcel Service stock traded up $1.32 on Thursday, reaching $98.06. The company had a trading volume of 4,593,225 shares, compared to its average volume of 5,138,285. The firm's 50-day moving average price is $99.17 and its two-hundred day moving average price is $115.69. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market cap of $83.03 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.69%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UPS shares. Galvan Research dropped their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 target price on the stock. Oppenheimer lowered their price target on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Bank of America upped their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $120.26.

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.