Focus Partners Wealth Raises Position in United Parcel Service, Inc. (NYSE:UPS)

Focus Partners Wealth increased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 424,912 shares of the transportation company's stock after buying an additional 60,026 shares during the quarter. Focus Partners Wealth's holdings in United Parcel Service were worth $53,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock valued at $113,064,000 after buying an additional 33,989 shares in the last quarter. First Hawaiian Bank grew its holdings in United Parcel Service by 117.6% in the 4th quarter. First Hawaiian Bank now owns 7,419 shares of the transportation company's stock valued at $936,000 after buying an additional 4,009 shares in the last quarter. ST Germain D J Co. Inc. lifted its holdings in shares of United Parcel Service by 61.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 2,505 shares of the transportation company's stock worth $316,000 after buying an additional 954 shares in the last quarter. Graypoint LLC boosted its position in shares of United Parcel Service by 10.5% in the fourth quarter. Graypoint LLC now owns 3,373 shares of the transportation company's stock valued at $425,000 after acquiring an additional 321 shares during the period. Finally, Czech National Bank increased its position in United Parcel Service by 6.3% during the fourth quarter. Czech National Bank now owns 158,576 shares of the transportation company's stock worth $19,996,000 after acquiring an additional 9,356 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.47 on Tuesday, hitting $99.74. 1,023,763 shares of the company traded hands, compared to its average volume of 5,020,988. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42. The firm's 50-day simple moving average is $103.92 and its 200 day simple moving average is $118.45. The company has a market cap of $85.20 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) 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 firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the prior year, the business earned $1.43 EPS. The company's revenue for the quarter was down .9% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.58%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research report on Wednesday, January 22nd. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price target on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued 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 an average rating of "Hold" and a consensus price target of $120.87.

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.