EverSource Wealth Advisors LLC Buys 141 Shares of United Parcel Service, Inc. (NYSE:UPS)

EverSource Wealth Advisors LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,980 shares of the transportation company’s stock after buying an additional 141 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in United Parcel Service were worth $626,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UPS. Harbor Capital Advisors Inc. lifted its holdings in United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN boosted its holdings in shares of United Parcel Service by 24.2% during the 4th 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. increased its holdings in shares of United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after purchasing an additional 66 shares during the last quarter. Advisors Capital Management LLC lifted its position in shares of 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 worth $2,351,000 after buying an additional 69 shares in the last quarter. Finally, Dfpg Investments LLC boosted its stake in United Parcel Service by 0.3% during the fourth quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock valued at $3,981,000 after buying an additional 69 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Wednesday, April 3rd. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $170.00 in a report on Friday, February 16th. Evercore ISI reiterated an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. Finally, BMO Capital Markets raised their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $3.85 during trading on Thursday, reaching $139.92. 955,128 shares of the company’s stock traded hands, compared to its average volume of 3,996,563. The stock has a market capitalization of $119.71 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98. The company has a 50 day moving average of $148.44 and a 200-day moving average of $150.90. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last issued 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 during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 8.22 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. Shareholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.66%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.