Lake Street Advisors Group LLC Has $537,000 Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Lake Street Advisors Group LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,255 shares of the transportation company’s stock after purchasing an additional 185 shares during the period. Lake Street Advisors Group LLC’s holdings in United Parcel Service were worth $537,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Daner Wealth Management LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $1,306,000. Pinnacle West Asset Management Inc. lifted its stake in shares of United Parcel Service by 10.8% during the fourth quarter. Pinnacle West Asset Management Inc. now owns 7,050 shares of the transportation company’s stock valued at $889,000 after acquiring an additional 690 shares during the period. Los Angeles Capital Management LLC boosted its holdings in United Parcel Service by 134.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,148 shares of the transportation company’s stock valued at $8,341,000 after acquiring an additional 37,936 shares during the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $202,000. Finally, Mengis Capital Management Inc. grew its position in shares of United Parcel Service by 39.5% during the 4th quarter. Mengis Capital Management Inc. now owns 16,761 shares of the transportation company’s stock worth $2,114,000 after buying an additional 4,745 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, UBS Group lowered their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Up 0.6 %

United Parcel Service stock opened at $117.61 on Friday. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. The firm has a market capitalization of $100.46 billion, a PE ratio of 17.40, a P/E/G ratio of 1.55 and a beta of 0.98. The company’s 50-day moving average is $122.54 and its 200-day moving average is $128.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the business earned $2.47 EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.58%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. United Parcel Service’s payout ratio is 97.04%.

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.