Aegis Wealth Management LLC Invests $352,000 in United Parcel Service, Inc. (NYSE:UPS)

Aegis Wealth Management LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,788 shares of the transportation company's stock, valued at approximately $352,000.

Several other hedge funds have also recently bought and sold shares of UPS. Copia Wealth Management acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $1,242,000. Wood Tarver Financial Group LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $80,000. Probity Advisors Inc. raised its position in shares of United Parcel Service by 32.0% in the fourth quarter. Probity Advisors Inc. now owns 11,739 shares of the transportation company's stock valued at $1,480,000 after buying an additional 2,846 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $77,929,000. Finally, ABLE Financial Group LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $464,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on UPS. Truist Financial decreased their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Citigroup decreased their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Barclays decreased their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Finally, Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $120.26.

United Parcel Service Stock Down 0.6%

UPS stock traded down $0.60 during trading on Friday, reaching $97.50. 6,763,138 shares of the stock were exchanged, compared to its average volume of 5,146,066. The firm's 50 day moving average is $98.56 and its 200 day moving average is $114.98. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. 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 market cap of $82.56 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

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

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

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.