Advisortrust Partners LLC Purchases New Position in United Parcel Service, Inc. $UPS

Advisortrust Partners LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,057 shares of the transportation company’s stock, valued at approximately $502,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in United Parcel Service during the second quarter valued at $277,000. SVB Wealth LLC purchased a new stake in United Parcel Service during the second quarter valued at $848,000. Treasurer of the State of North Carolina lifted its holdings in United Parcel Service by 2.7% in the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock valued at $34,609,000 after acquiring an additional 9,124 shares during the period. Finally, Ieq Capital LLC lifted its holdings in United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after acquiring an additional 63,629 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $105.29 on Friday. The business has a 50-day simple moving average of $104.09 and a two-hundred day simple moving average of $104.47. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The stock has a market cap of $89.50 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.67 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.49 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.2%. United Parcel Service’s payout ratio is currently 106.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Susquehanna boosted their price target on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup increased their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group dropped their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Evercore cut their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $111.50.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.