Parr Mcknight Wealth Management Group LLC Buys New Position in United Parcel Service, Inc. (NYSE:UPS)

Parr Mcknight Wealth Management Group LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,099 shares of the transportation company’s stock, valued at approximately $265,000.

Other hedge funds also recently made changes to their positions in the company. Onyx Bridge Wealth Group LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $461,000. Allspring Global Investments Holdings LLC grew its stake in shares of United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after purchasing an additional 28,108 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its stake in shares of United Parcel Service by 42.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company’s stock worth $4,302,000 after purchasing an additional 10,176 shares during the last quarter. PUREfi Wealth LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $737,000. Finally, TFG Advisers LLC grew its stake in shares of United Parcel Service by 5.1% in the 4th quarter. TFG Advisers LLC now owns 7,800 shares of the transportation company’s stock worth $984,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS stock opened at $95.39 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market cap of $80.77 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.55 and a beta of 1.23. The firm has a 50 day simple moving average of $100.37 and a 200 day simple moving average of $116.45. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week 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, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.88%. The ex-dividend date is Monday, May 19th. United Parcel Service’s dividend payout ratio is 95.63%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Truist Financial lowered their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Loop Capital decreased their target price on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price for the company. Finally, Bank of America raised their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service 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.