Silverlake Wealth Management LLC Buys 208 Shares of United Parcel Service, Inc. (NYSE:UPS)

Silverlake Wealth Management LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,731 shares of the transportation company’s stock after purchasing an additional 208 shares during the period. Silverlake Wealth Management LLC’s holdings in United Parcel Service were worth $429,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UPS. VisionPoint Advisory Group LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $25,000. OFI Invest Asset Management purchased a new position in shares of United Parcel Service during the 3rd quarter worth approximately $25,000. IMA Wealth Inc. raised its holdings in United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Pacific Center for Financial Services purchased a new position in United Parcel Service during the 1st quarter valued at about $25,000. Finally, Worth Asset Management LLC bought a new stake in shares of United Parcel Service in the 1st quarter worth $27,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Up 1.5 %

Shares of UPS stock traded up $2.19 on Tuesday, hitting $149.81. The stock had a trading volume of 1,368,784 shares, compared to its average volume of 4,393,150. The company’s 50 day moving average price is $150.10 and its 200-day moving average price is $151.98. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.80. The firm has a market capitalization of $127.74 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.80 and a beta of 1.05.

United Parcel Service (NYSE:UPSGet Free Report) last issued its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.01. The firm had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.62 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 8.27 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 annualized dividend and a yield of 4.35%. United Parcel Service’s payout ratio is 83.70%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Daiwa Capital Markets cut United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 target price on the stock. in a research report on Tuesday, December 26th. Oppenheimer restated an “outperform” rating and set a $153.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Evercore ISI reaffirmed an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, December 21st. Finally, TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $165.23.

View Our Latest Report on UPS

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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