Signature Wealth Management Group Buys 995 Shares of United Parcel Service, Inc. (NYSE:UPS)

Signature Wealth Management Group grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,197 shares of the transportation company’s stock after acquiring an additional 995 shares during the period. Signature Wealth Management Group’s holdings in United Parcel Service were worth $3,303,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in UPS. IFS Advisors LLC grew its stake in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares in the last quarter. True Wealth Design LLC grew its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Whipplewood Advisors LLC bought a new position in United Parcel Service in the 4th quarter worth about $34,000. Hopwood Financial Services Inc. bought a new position in United Parcel Service in the 4th quarter worth about $35,000. Finally, FSA Wealth Management LLC bought a new position in United Parcel Service in the 3rd quarter worth about $36,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 1.4 %

UPS stock opened at $116.90 on Friday. The firm’s fifty day moving average is $120.91 and its 200 day moving average is $127.38. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The firm has a market cap of $99.85 billion, a PE ratio of 17.29, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last announced its earnings results 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 net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the business earned $2.47 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UPS. Citigroup lowered their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Evercore ISI upped their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Truist Financial began coverage on shares of United Parcel Service in a research report on Thursday. They issued a “buy” rating and a $140.00 price target for the company. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Raymond James decreased their target price on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $138.09.

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.