Apollon Wealth Management LLC Has $2.40 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Apollon Wealth Management LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 44.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,281 shares of the transportation company’s stock after buying an additional 4,689 shares during the quarter. Apollon Wealth Management LLC’s holdings in United Parcel Service were worth $2,403,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after purchasing an additional 628,944 shares in the last quarter. International Assets Investment Management LLC raised its position in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP grew its position in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares in the last quarter. Northern Trust Corp increased its stake in shares of United Parcel Service by 0.4% during the 3rd quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock worth $1,311,177,000 after purchasing an additional 31,533 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of United Parcel Service by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock valued at $379,245,000 after purchasing an additional 532,934 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on UPS shares. Barclays lowered their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. Oppenheimer upped their target price on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Raymond James dropped their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, Argus cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Price Performance

NYSE UPS traded up $0.43 during trading on Tuesday, reaching $147.10. 3,403,501 shares of the company traded hands, compared to its average volume of 4,183,958. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $192.98. The company has a market cap of $125.42 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.68 and a beta of 1.05. The stock’s 50 day moving average price is $149.38 and its two-hundred day moving average price is $150.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

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.