Investor s Fiduciary Advisor Network LLC Takes $746,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Investor s Fiduciary Advisor Network LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,921 shares of the transportation company's stock, valued at approximately $746,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after purchasing an additional 33,989 shares during the period. Onyx Bridge Wealth Group LLC acquired a new position in United Parcel Service during the fourth quarter valued at $461,000. HF Advisory Group LLC purchased a new stake in United Parcel Service in the 4th quarter worth about $1,305,000. Allspring Global Investments Holdings LLC lifted its stake in United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after acquiring an additional 28,108 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its position in United Parcel Service by 42.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company's stock worth $4,302,000 after acquiring an additional 10,176 shares during the period. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UPS. UBS Group decreased their price target on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Raymond James dropped their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. StockNews.com lowered United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Oppenheimer dropped their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average price target of $120.87.

United Parcel Service Stock Performance

NYSE:UPS traded down $1.80 during mid-day trading on Tuesday, hitting $99.41. 1,465,398 shares of the company's stock traded hands, compared to its average volume of 6,416,727. The firm has a market capitalization of $84.91 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The firm has a 50 day moving average of $103.92 and a two-hundred day moving average of $118.45. 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, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.60%. United Parcel Service's dividend payout ratio is currently 95.63%.

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.