Secured Retirement Advisors LLC Invests $1.13 Million in United Parcel Service, Inc. (NYSE:UPS)

Secured Retirement Advisors LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,297 shares of the transportation company’s stock, valued at approximately $1,133,000.

Other hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service in the 4th quarter valued at about $27,000. Citizens National Bank Trust Department raised its holdings in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 210 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service during the fourth quarter worth approximately $28,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UPS has been the topic of several research reports. Galvan Research decreased their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets reduced their price target on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Citigroup increased their price objective on United Parcel Service from $122.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Finally, Raymond James Financial reduced their target price on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $119.13.

United Parcel Service Stock Down 1.6%

NYSE UPS opened at $101.29 on Friday. The business has a fifty day moving average price of $99.42 and a two-hundred day moving average price of $108.94. The stock has a market capitalization of $85.77 billion, a PE ratio of 14.77, a PEG ratio of 1.95 and a beta of 1.21. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. United Parcel Service’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.48%. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

United Parcel Service 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.