324 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Graney & King LLC

Graney & King LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 324 shares of the transportation company’s stock, valued at approximately $41,000.

Other hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC lifted its holdings in United Parcel Service by 5.0% during the third quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock worth $16,916,000 after buying an additional 5,956 shares during the period. Loomis Sayles & Co. L P raised its position in shares of United Parcel Service by 58.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 97,712 shares of the transportation company’s stock worth $13,322,000 after acquiring an additional 36,091 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of United Parcel Service by 3.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 586,735 shares of the transportation company’s stock worth $79,995,000 after purchasing an additional 17,378 shares during the last quarter. FMR LLC boosted its position in United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after purchasing an additional 380,229 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in United Parcel Service in the third quarter valued at about $336,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Susquehanna decreased their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $130.00 in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.91.

United Parcel Service Stock Performance

NYSE UPS opened at $110.94 on Thursday. The firm has a market capitalization of $94.76 billion, a P/E ratio of 16.41, a PEG ratio of 1.55 and a beta of 0.94. The stock has a 50-day simple moving average of $119.30 and a two-hundred day simple moving average of $126.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $154.29.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the company earned $2.47 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a yield of 5.91%. United Parcel Service’s dividend payout ratio is 97.04%.

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.