Daner Wealth Management LLC Makes New $1.31 Million Investment in United Parcel Service, Inc. (NYSE:UPS)

Daner Wealth Management LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 11,369 shares of the transportation company’s stock, valued at approximately $1,306,000. United Parcel Service comprises about 1.0% of Daner Wealth Management LLC’s portfolio, making the stock its 19th biggest position.

A number of other hedge funds have also recently modified their holdings of the company. IFS Advisors LLC grew its position in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the period. True Wealth Design LLC lifted its stake in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service during the 3rd quarter worth about $36,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research analyst reports. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley dropped their price objective on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Trading Up 1.7 %

Shares of NYSE:UPS opened at $118.11 on Wednesday. The company has a market cap of $100.89 billion, a PE ratio of 17.47, a P/E/G ratio of 1.55 and a beta of 0.98. The company’s 50 day moving average is $122.78 and its two-hundred day moving average is $128.27. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95. 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) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 period last year, the firm earned $2.47 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.55%. United Parcel Service’s payout ratio is presently 97.04%.

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.