Cary Street Partners Financial LLC Buys New Shares in United Parcel Service, Inc. (NYSE:UPS)

Cary Street Partners Financial LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 35,133 shares of the transportation company’s stock, valued at approximately $4,430,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in United Parcel Service during the fourth quarter valued at about $1,075,393,000. Raymond James Financial Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $393,680,000. Franklin Resources Inc. raised its stake in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Van ECK Associates Corp lifted its position in United Parcel Service by 77.7% in the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after purchasing an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. UBS Group decreased their price objective on United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Stifel Nicolaus dropped their target price on United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group decreased their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Raymond James cut their price objective on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $120.87.

United Parcel Service Stock Performance

United Parcel Service stock opened at $95.58 on Tuesday. The company has a market cap of $81.64 billion, a PE ratio of 14.14, a PEG ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $153.42. The company’s 50-day moving average is $106.12 and its two-hundred day moving average is $119.76.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.86%. United Parcel Service’s dividend payout ratio is presently 95.63%.

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.