Inspire Trust Co. N.A. Raises Stake in United Parcel Service, Inc. (NYSE:UPS)

Inspire Trust Co. N.A. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,000 shares of the transportation company's stock after purchasing an additional 3,500 shares during the quarter. Inspire Trust Co. N.A.'s holdings in United Parcel Service were worth $3,531,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacific Sage Partners LLC grew its stake in shares of United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock worth $212,000 after buying an additional 77 shares during the last quarter. Quent Capital LLC boosted its holdings in United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after acquiring an additional 80 shares in the last quarter. Altus Wealth Group LLC grew its stake in shares of United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after acquiring an additional 89 shares during the last quarter. Alliance Wealth Advisors LLC increased its holdings in shares of United Parcel Service by 3.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company's stock valued at $323,000 after acquiring an additional 94 shares in the last quarter. Finally, Morningstar Investment Management LLC raised its position in shares of United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company's stock worth $637,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

NYSE UPS opened at $95.93 on Thursday. The business's fifty day moving average is $101.26 and its 200 day moving average is $116.97. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $81.94 billion, a PE ratio of 14.19, 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 data 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 firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.43 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders 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 6.84%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UPS. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Bank of America increased their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. StockNews.com cut United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. UBS Group reduced their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Two 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and an average price target of $120.26.

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.

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