BlueChip Wealth Advisors LLC Takes $1.45 Million Position in United Parcel Service, Inc. (NYSE:UPS)

BlueChip Wealth Advisors LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,250 shares of the transportation company’s stock, valued at approximately $1,454,000. United Parcel Service accounts for 1.0% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service in the 4th quarter valued at $26,000. Life Planning Partners Inc acquired a new stake in shares of United Parcel Service in the 4th quarter worth $28,000. Northwest Financial Advisors acquired a new stake in shares of United Parcel Service in the 4th quarter worth $28,000. Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. Finally, Security National Bank acquired a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $0.24 on Monday, hitting $135.89. The company’s stock had a trading volume of 4,117,609 shares, compared to its average volume of 3,980,685. 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, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98. The firm has a fifty day moving average price of $143.34 and a 200-day moving average price of $149.74. The company has a market capitalization of $116.26 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 return on equity of 37.42% and a net margin of 6.60%. The company 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 business earned $2.20 EPS. United Parcel Service’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.80%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analyst Ratings Changes

A number of analysts have recently weighed in on UPS shares. BMO Capital Markets raised their price objective on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Wednesday, April 3rd. Evercore ISI reissued an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. Bank of America lifted their price target on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, TD Cowen lowered their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average target price of $164.95.

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.