Kolinsky Wealth Management LLC Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

Kolinsky Wealth Management LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,288 shares of the transportation company’s stock after purchasing an additional 387 shares during the period. Kolinsky Wealth Management LLC’s holdings in United Parcel Service were worth $415,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the 4th quarter valued at about $26,000. Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at about $30,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $31,000. Finally, Transce3nd LLC purchased a new position in United Parcel Service during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $97.61 on Wednesday. The stock has a market cap of $83.38 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $101.68 and a 200-day simple moving average of $117.11. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15.

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

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UPS shares. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Wells Fargo & Company reissued an “equal weight” rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. UBS Group dropped their target price 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. BMO Capital Markets lowered their price objective on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, HSBC lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Thursday, May 1st. Two investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $120.26.

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.