Valley Wealth Managers Inc. Has $3.76 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Valley Wealth Managers Inc. increased its stake in United Parcel Service, Inc. by 91.2%, acquiring an additional 16,285 shares, bringing its total holdings to 34,136 shares valued at approximately $3.8 million.
• Several hedge funds have also modified their positions in UPS, with institutional investors now owning 60.26% of the company’s stock.
• In recent analyst reports, UPS's price targets have been adjusted, with Oppenheimer lowering theirs from $126.00 to $114.00, reflecting mixed investor sentiment towards the stock's performance.

Valley Wealth Managers Inc. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 91.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,136 shares of the transportation company's stock after buying an additional 16,285 shares during the period. Valley Wealth Managers Inc.'s holdings in United Parcel Service were worth $3,755,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Colonial Trust Co SC grew its stake in shares of United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after purchasing an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC grew its stake in shares of United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after purchasing an additional 101 shares during the last quarter. TCV Trust & Wealth Management Inc. boosted its holdings in shares of United Parcel Service by 1.4% in the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after buying an additional 103 shares during the period. Cohen & Steers Inc. boosted its holdings in shares of United Parcel Service by 5.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock worth $259,000 after buying an additional 104 shares during the period. Finally, Diligent Investors LLC boosted its holdings in shares of United Parcel Service by 1.7% in the fourth quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company's stock worth $848,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Performance

UPS stock traded down $1.64 on Wednesday, reaching $89.21. 12,672,519 shares of the company were exchanged, compared to its average volume of 6,106,881. United Parcel Service, Inc. has a 12 month low of $88.15 and a 12 month high of $145.01. The stock's fifty day moving average price is $99.92 and its 200 day moving average price is $106.83. The firm has a market capitalization of $75.54 billion, a PE ratio of 13.01, a PEG ratio of 1.95 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period last year, the firm posted $1.79 EPS. The company's revenue was down 2.7% compared to the same quarter last year. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 7.35%. United Parcel Service's dividend payout ratio is currently 95.63%.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent analyst reports. Raymond James Financial decreased their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday. Evercore ISI decreased their price target on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a report on Wednesday. Citigroup raised their price target on shares of United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Stifel Canada decreased their price target on shares of United Parcel Service from $145.00 to $124.00 in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service has an average rating of "Hold" and an average target price of $113.38.

United Parcel Service Company 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.