Elevation Point Wealth Partners LLC Boosts Stake in United Parcel Service, Inc. $UPS

Elevation Point Wealth Partners LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 926.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,695 shares of the transportation company’s stock after purchasing an additional 33,120 shares during the period. Elevation Point Wealth Partners LLC’s holdings in United Parcel Service were worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $25,000. IFC & Insurance Marketing Inc. purchased a new position in United Parcel Service during the 4th quarter valued at $25,000. Coston McIsaac & Partners grew its position in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. Torren Management LLC bought a new position in United Parcel Service in the 4th quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in United Parcel Service in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS stock opened at $110.71 on Friday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock has a fifty day simple moving average of $104.91 and a two-hundred day simple moving average of $105.25. The stock has a market capitalization of $94.11 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 1.76 and a beta of 1.05.

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

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.9%. United Parcel Service’s payout ratio is currently 106.15%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UPS. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Evercore cut their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. UBS Group reduced their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Citigroup lifted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Susquehanna boosted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $110.85.

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.