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

Resonant Capital Advisors LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 151.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,656 shares of the transportation company’s stock after buying an additional 5,817 shares during the quarter. Resonant Capital Advisors LLC’s holdings in United Parcel Service were worth $1,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. International Assets Investment Management LLC boosted its stake in shares of United Parcel Service by 15,631.2% during 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 buying an additional 14,410,073 shares during the last quarter. Norges Bank purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $1,255,623,000. Moneta Group Investment Advisors LLC boosted its stake in shares of United Parcel Service by 105,818.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock valued at $732,833,000 after buying an additional 4,211,580 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 buying an additional 2,331,875 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of United Parcel Service by 33.7% during the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock valued at $1,343,799,000 after buying an additional 1,949,775 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of UPS opened at $142.77 on Friday. The firm has a market capitalization of $121.73 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80. The stock’s fifty day moving average is $149.48 and its 200-day moving average is $151.19.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the company earned $3.62 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.57%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is 83.70%.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction dated Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Raymond James reduced their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Daiwa Capital Markets cut United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a research note on Tuesday, December 26th. Oppenheimer restated an “outperform” rating and set a $153.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Finally, Susquehanna restated a “neutral” rating and set a $150.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $165.61.

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.