United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,702 shares of the transportation company’s stock after acquiring an additional 557 shares during the quarter. Summit Trail Advisors LLC’s holdings in United Parcel Service were worth $739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. OFI Invest Asset Management acquired a new position in shares of United Parcel Service in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $26,000. Life Planning Partners Inc acquired a new position in United Parcel Service during the fourth quarter worth $28,000. Bourgeon Capital Management LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth $31,000. Finally, VisionPoint Advisory Group LLC grew its stake in shares of United Parcel Service by 69.5% in the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UPS shares. Stifel Nicolaus lowered their target price on 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 upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $170.00 in a report on Friday, February 16th. TD Cowen reduced their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Evercore ISI reiterated 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. Finally, Bank of America increased their price objective on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Trading Up 0.2 %

Shares of UPS traded up $0.35 on Tuesday, hitting $147.02. 1,173,426 shares of the stock traded hands, compared to its average volume of 4,156,980. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $192.98. The stock’s 50 day moving average is $149.38 and its two-hundred day moving average is $150.56. The firm has a market capitalization of $125.36 billion, a P/E ratio of 21.32, a P/E/G ratio of 1.68 and a beta of 1.05. 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 announced its quarterly earnings data 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 the consensus estimate of $21.84 billion. During the same quarter in the previous year, the business earned $2.20 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, sell-side analysts predict 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 issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

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.