Wealthedge Investment Advisors LLC Takes Position in United Parcel Service, Inc. (NYSE:UPS)

Wealthedge Investment Advisors LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,949 shares of the transportation company's stock, valued at approximately $2,768,000. United Parcel Service makes up 1.2% of Wealthedge Investment Advisors LLC's portfolio, making the stock its 20th biggest position.

A number of other hedge funds have also bought and sold shares of UPS. Norges Bank acquired a new position in United Parcel Service during the 4th quarter valued at approximately $1,075,393,000. Raymond James Financial Inc. acquired a new position in United Parcel Service during the 4th quarter valued at approximately $393,680,000. Franklin Resources Inc. increased its stake in 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 valued at $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Van ECK Associates Corp increased its stake in 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 valued at $397,329,000 after purchasing an additional 1,378,136 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 6.1% in the fourth 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 period. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 0.6%

Shares of UPS stock traded down $0.60 during trading on Friday, reaching $97.50. The company's stock had a trading volume of 6,763,138 shares, compared to its average volume of 5,149,032. 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 company has a market capitalization of $82.56 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.55 and a beta of 1.23. The stock's 50-day moving average price is $98.56 and its 200 day moving average price is $115.23. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15.

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

United Parcel Service Dividend Announcement

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 6.73%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

A number of research firms have recently weighed in on UPS. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Bank of America increased their price objective 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. Wolfe Research decreased their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. HSBC downgraded shares of 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. Finally, The Goldman Sachs Group reduced 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.