6,004 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,004 shares of the transportation company's stock, valued at approximately $944,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in United Parcel Service during the third quarter worth $25,000. IMA Wealth Inc. lifted its holdings in shares of United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company's stock valued at $25,000 after purchasing an additional 71 shares during the last quarter. Pacific Center for Financial Services purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $26,000. Finally, Worth Asset Management LLC purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $27,000. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

UPS has been the subject of several analyst reports. Morgan Stanley increased their price objective on United Parcel Service from $95.00 to $100.00 and gave the company an "underweight" rating in a report on Wednesday, March 27th. HSBC decreased their price objective on United Parcel Service from $155.00 to $150.00 and set a "hold" rating for the company in a report on Thursday, March 28th. Stifel Nicolaus decreased their price objective on United Parcel Service from $178.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, March 28th. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $154.00 to $150.00 and set a "neutral" rating for the company in a research note on Tuesday, April 9th. Finally, TD Cowen reduced their target price on United Parcel Service from $147.00 to $140.00 and set a "hold" rating for the company in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $165.61.

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company's stock, valued at $199,220. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

NYSE UPS traded down $1.94 during trading hours on Tuesday, reaching $142.91. The company's stock had a trading volume of 4,195,426 shares, compared to its average volume of 4,323,524. The firm has a market capitalization of $121.85 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.68 and a beta of 1.05. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $197.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The company's 50-day moving average is $149.81 and its two-hundred day moving average is $151.49.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to analysts' expectations of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. United Parcel Service's quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.62 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 8.21 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.56%. This is a boost from United Parcel Service's previous quarterly dividend of $1.62. United Parcel Service's dividend payout ratio is presently 83.70%.

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.

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