Jessup Wealth Management Inc Acquires Shares of 5,400 United Parcel Service, Inc. $UPS

Jessup Wealth Management Inc purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,400 shares of the transportation company’s stock, valued at approximately $536,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after acquiring an additional 1,218,432 shares in the last quarter. State Street Corp increased its holdings in shares of United Parcel Service by 0.9% during the third quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock valued at $2,594,713,000 after acquiring an additional 288,720 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of United Parcel Service by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock valued at $1,703,291,000 after acquiring an additional 240,253 shares in the last quarter. Norges Bank bought a new position in shares of United Parcel Service during the fourth quarter valued at $902,446,000. Finally, Victory Capital Management Inc. increased its holdings in shares of United Parcel Service by 10.5% during the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after acquiring an additional 761,217 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the subject of several analyst reports. Susquehanna raised their price target on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. UBS Group reduced their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Citigroup raised their price target on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Finally, Evercore reduced their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Price Performance

NYSE UPS opened at $103.33 on Thursday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The stock has a 50-day moving average of $102.82 and a 200 day moving average of $103.93. The company has a market capitalization of $87.83 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.72 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the company earned $1.49 EPS. United Parcel Service’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.3%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.