Summitry LLC Purchases 3,196 Shares of United Parcel Service, Inc. (NYSE:UPS)

Summitry LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,638 shares of the transportation company’s stock after acquiring an additional 3,196 shares during the quarter. Summitry LLC’s holdings in United Parcel Service were worth $4,242,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UPS. IMG Wealth Management Inc. bought a new position in United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service during the 4th quarter worth about $26,000. IFS Advisors LLC boosted its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares in the last quarter. True Wealth Design LLC increased its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $110.01 on Wednesday. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $157.99. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market cap of $93.97 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. The firm has a 50 day simple moving average of $119.63 and a 200 day simple moving average of $126.79.

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 analysts’ consensus estimates 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 in the previous year, the business posted $2.47 earnings per share. Research 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 declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.96%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UPS. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research note on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective on the stock. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Evercore ISI lifted their price objective on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.91.

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.