Atlas Legacy Advisors LLC Invests $264,000 in United Parcel Service, Inc. (NYSE:UPS)

Atlas Legacy Advisors LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,090 shares of the transportation company’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new position in shares of United Parcel Service during the 4th quarter worth $303,000. New York State Common Retirement Fund lifted its holdings in United Parcel Service by 0.3% during the 4th quarter. New York State Common Retirement Fund now owns 867,132 shares of the transportation company’s stock worth $109,345,000 after purchasing an additional 3,000 shares in the last quarter. Mcdonald Partners LLC lifted its holdings in United Parcel Service by 2.8% during the 4th quarter. Mcdonald Partners LLC now owns 24,412 shares of the transportation company’s stock worth $3,078,000 after purchasing an additional 669 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in United Parcel Service by 16.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 25,314 shares of the transportation company’s stock worth $3,192,000 after purchasing an additional 3,626 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its holdings in United Parcel Service by 36.1% during the 4th quarter. Kestra Investment Management LLC now owns 9,560 shares of the transportation company’s stock worth $1,206,000 after purchasing an additional 2,534 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $114.96 on Thursday. The stock has a market cap of $98.11 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 1.54 and a beta of 0.98. 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 1-year low of $109.40 and a 1-year high of $158.95. The stock’s 50-day moving average is $123.71 and its 200 day moving average is $128.48.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the business posted $2.47 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.71%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UPS has been the topic of a number of recent research reports. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Stifel Nicolaus dropped their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Citigroup lowered their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Bank of America lowered their price target on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $140.73.

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.