Everpar Advisors LLC Makes New $266,000 Investment in United Parcel Service, Inc. (NYSE:UPS)

Everpar Advisors LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,693 shares of the transportation company’s stock, valued at approximately $266,000.

A number of other hedge funds have also recently added to or reduced their stakes in UPS. International Assets Investment Management LLC increased its stake in shares of United Parcel Service by 15,631.2% in the 4th 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 purchasing an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of United Parcel Service by 31.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after acquiring an additional 2,331,875 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Parcel Service by 4.1% during the 3rd 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 acquiring an additional 628,944 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of United Parcel Service by 36.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock valued at $315,832,000 after acquiring an additional 541,163 shares in the last quarter. Finally, American Century Companies Inc. boosted 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 acquiring an additional 532,934 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.5 %

Shares of NYSE:UPS traded up $0.68 during midday trading on Wednesday, reaching $147.77. The company’s stock had a trading volume of 2,799,596 shares, compared to its average volume of 4,164,817. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The firm has a market capitalization of $126.00 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.68 and a beta of 1.05. The firm has a 50 day moving average price of $149.35 and a two-hundred day moving average price of $150.53. 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 issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period in the previous year, the company posted $2.20 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, analysts forecast that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UPS shares. Morgan Stanley raised their price objective on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Oppenheimer lifted their target price on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, April 3rd. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $154.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $165.23.

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.