United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 160.6% during the fourth quarter, Holdings Channel reports. The fund owned 48,572 shares of the transportation company’s stock after purchasing an additional 29,934 shares during the quarter. Apollon Wealth Management LLC’s holdings in United Parcel Service were worth $6,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opinicus Capital Inc. raised its holdings in United Parcel Service by 8.4% in the fourth quarter. Opinicus Capital Inc. now owns 7,912 shares of the transportation company’s stock valued at $998,000 after acquiring an additional 610 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its stake in shares of United Parcel Service by 1.3% in the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 120,175 shares of the transportation company’s stock valued at $15,154,000 after purchasing an additional 1,523 shares in the last quarter. TFG Advisers LLC lifted its position in shares of United Parcel Service by 5.1% during the fourth quarter. TFG Advisers LLC now owns 7,800 shares of the transportation company’s stock worth $984,000 after purchasing an additional 375 shares during the last quarter. Vest Financial LLC grew its stake in United Parcel Service by 25.8% in the fourth quarter. Vest Financial LLC now owns 4,862 shares of the transportation company’s stock worth $613,000 after purchasing an additional 997 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its holdings in United Parcel Service by 13.9% in the fourth quarter. Cidel Asset Management Inc. now owns 6,121 shares of the transportation company’s stock valued at $772,000 after buying an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UPS. Bank of America decreased their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley lowered their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Citigroup cut their target price on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Trading Down 0.2 %

Shares of UPS stock opened at $113.20 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a 50-day simple moving average of $126.40 and a 200 day simple moving average of $129.46. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $158.95. The stock has a market capitalization of $96.60 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.50 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company posted $2.47 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.99 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.80%. United Parcel Service’s dividend payout ratio (DPR) is currently 96.45%.

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.