TCG Advisory Services LLC Takes Position in United Parcel Service, Inc. (NYSE:UPS)

TCG Advisory Services LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,646 shares of the transportation company's stock, valued at approximately $1,202,000.

Other large investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in United Parcel Service in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service in the fourth quarter worth $26,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service during the fourth quarter valued at $28,000. Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC raised its stake in shares of United Parcel Service by 69.5% during the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company's stock valued at $37,000 after purchasing an additional 98 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UPS. BMO Capital Markets increased their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the company a "market perform" rating in a research report on Wednesday, April 24th. Stifel Nicolaus dropped their target price on United Parcel Service from $178.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, March 28th. Barclays cut their target price on United Parcel Service from $150.00 to $145.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 31st. Argus cut United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, January 31st. Finally, Robert W. Baird upgraded United Parcel Service from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $165.00 to $170.00 in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $165.23.

United Parcel Service Stock Down 0.5 %

NYSE:UPS traded down $0.79 during trading hours on Friday, hitting $146.43. 2,039,256 shares of the company's stock traded hands, compared to its average volume of 3,606,672. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The firm has a market cap of $124.85 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock's fifty day moving average price is $149.39 and its two-hundred day moving average price is $150.67.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm's revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service's dividend payout ratio (DPR) is presently 94.49%.

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.