Trust Investment Advisors Purchases 877 Shares of United Parcel Service, Inc. (NYSE:UPS)

Trust Investment Advisors boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,119 shares of the transportation company’s stock after acquiring an additional 877 shares during the period. Trust Investment Advisors’ holdings in United Parcel Service were worth $898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Swedbank AB grew its position in shares of United Parcel Service by 2.8% during the 3rd quarter. Swedbank AB now owns 280,509 shares of the transportation company’s stock worth $38,245,000 after buying an additional 7,675 shares during the period. Summit Trail Advisors LLC boosted its stake in United Parcel Service by 8.9% in the third quarter. Summit Trail Advisors LLC now owns 5,924 shares of the transportation company’s stock valued at $808,000 after acquiring an additional 483 shares during the last quarter. Fisher Asset Management LLC grew its holdings in United Parcel Service by 5.0% during the 3rd quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock worth $16,916,000 after acquiring an additional 5,956 shares during the period. DRW Securities LLC bought a new stake in shares of United Parcel Service during the 3rd quarter valued at $1,040,000. Finally, Loomis Sayles & Co. L P lifted its stake in shares of United Parcel Service by 58.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 97,712 shares of the transportation company’s stock valued at $13,322,000 after purchasing an additional 36,091 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 5.0 %

United Parcel Service stock opened at $110.01 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $157.99. The company has a fifty day simple moving average of $119.63 and a 200 day simple moving average of $126.79. The company has a market cap of $93.97 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 in the previous year, the business posted $2.47 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is presently 97.04%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UPS shares. Susquehanna decreased their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 price target on the stock. Loop Capital decreased their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Finally, UBS Group cut their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.91.

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.