SRS Capital Advisors Inc. Acquires 112 Shares of United Parcel Service, Inc. (NYSE:UPS)

SRS Capital Advisors Inc. increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,461 shares of the transportation company’s stock after acquiring an additional 112 shares during the period. SRS Capital Advisors Inc.’s holdings in United Parcel Service were worth $230,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in shares of United Parcel Service by 0.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after acquiring an additional 64 shares in the last quarter. First Financial Corp IN lifted its stake in United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares during the last quarter. Gleason Group Inc. lifted its stake in United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the last quarter. Advisors Capital Management LLC lifted its stake in United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 69 shares during the last quarter. Finally, Dfpg Investments LLC grew its stake in shares of United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after acquiring an additional 69 shares during the period. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UPS shares. Evercore ISI restated an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Susquehanna raised their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the company from $150.00 to $170.00 in a report on Thursday, April 25th. Bank of America raised their price target on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Raymond James dropped their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned 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 Price Performance

Shares of NYSE UPS traded down $0.79 during trading hours on Friday, reaching $146.43. 2,039,256 shares of the stock traded hands, compared to its average volume of 3,606,672. The company’s 50-day simple moving average is $149.44 and its two-hundred day simple moving average is $150.74. The company has a market capitalization of $124.85 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same period last year, the firm posted $2.20 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a dividend of $1.63 per share. The ex-dividend date is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.45%. 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.