Harmony Asset Management LLC Acquires New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Harmony Asset Management LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,268 shares of the transportation company's stock, valued at approximately $538,000.

Other hedge funds and 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 during the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the fourth quarter valued at $26,000. Runnymede Capital Advisors Inc. bought a new position in United Parcel Service during the fourth quarter valued at $30,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth $31,000. Finally, Transce3nd LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth about $33,000. Institutional investors own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UPS. Robert W. Baird downgraded shares of United Parcel Service from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Bank of America raised their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets cut their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Raymond James decreased their price target 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. Finally, Susquehanna dropped their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Two 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 stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Down 1.6%

Shares of United Parcel Service stock traded down $1.58 during trading on Friday, hitting $95.39. 3,314,170 shares of the stock traded hands, compared to its average volume of 5,121,401. 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 stock's fifty day simple moving average is $100.84 and its 200 day simple moving average is $116.72. The firm has a market cap of $80.77 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business 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 company's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.88%. The ex-dividend date is Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

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.