United Parcel Service, Inc. (NYSE:UPS) Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,336 shares of the transportation company’s stock after purchasing an additional 885 shares during the period. NewSquare Capital LLC’s holdings in United Parcel Service were worth $4,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of UPS. Montecito Bank & Trust raised its holdings in United Parcel Service by 12.3% during the third quarter. Montecito Bank & Trust now owns 3,800 shares of the transportation company’s stock worth $592,000 after purchasing an additional 416 shares in the last quarter. BTC Capital Management Inc. raised its holdings in United Parcel Service by 7.5% during the third quarter. BTC Capital Management Inc. now owns 14,468 shares of the transportation company’s stock worth $2,255,000 after purchasing an additional 1,006 shares in the last quarter. Eastern Bank raised its holdings in United Parcel Service by 1,053.0% during the third quarter. Eastern Bank now owns 75,173 shares of the transportation company’s stock worth $11,717,000 after purchasing an additional 68,653 shares in the last quarter. Founders Financial Securities LLC raised its holdings in United Parcel Service by 7.3% during the third quarter. Founders Financial Securities LLC now owns 7,180 shares of the transportation company’s stock worth $1,119,000 after purchasing an additional 491 shares in the last quarter. Finally, Mcrae Capital Management Inc. raised its holdings in United Parcel Service by 4.2% during the third quarter. Mcrae Capital Management Inc. now owns 2,488 shares of the transportation company’s stock worth $388,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.4 %

Shares of UPS stock traded up $3.49 during mid-day trading on Tuesday, reaching $148.85. The company’s stock had a trading volume of 6,369,349 shares, compared to its average volume of 4,349,812. The company’s 50 day simple moving average is $149.44 and its 200-day simple moving average is $151.10. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.31. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $126.92 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.14). United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the prior year, the business posted $2.20 EPS. The business’s revenue was down 5.3% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UPS shares. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and increased their target price for the company from $165.00 to $170.00 in a report on Friday, February 16th. Evercore ISI reaffirmed an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Wednesday, April 3rd. Finally, Morgan Stanley increased their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $165.61.

Insider Buying and Selling

In other news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

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.