1776 Wealth LLC Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

1776 Wealth LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,803 shares of the transportation company’s stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPS. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC lifted its holdings in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $34,000. Hopwood Financial Services Inc. acquired a new position in United Parcel Service in the fourth quarter valued at approximately $35,000. Finally, FSA Wealth Management LLC acquired a new position in United Parcel Service in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price target for the company. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Susquehanna cut their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

United Parcel Service Stock Performance

NYSE UPS opened at $115.17 on Thursday. The stock’s fifty day moving average is $121.23 and its two-hundred day moving average is $127.55. The firm has a market capitalization of $98.37 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly 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 posted $2.47 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 97.04%.

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.