8,063 Shares in United Parcel Service, Inc. $UPS Purchased by Arista Wealth Management LLC

Arista Wealth Management LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 8,063 shares of the transportation company’s stock, valued at approximately $800,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC grew its stake in United Parcel Service by 11.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 28,341 shares of the transportation company’s stock valued at $2,811,000 after acquiring an additional 2,861 shares in the last quarter. Smith Chas P & Associates PA Cpas purchased a new position in United Parcel Service during the 4th quarter valued at about $319,000. Geode Capital Management LLC grew its stake in United Parcel Service by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock valued at $1,703,291,000 after acquiring an additional 240,253 shares in the last quarter. Coordinated Financial Services Inc. grew its stake in United Parcel Service by 11.1% during the 4th quarter. Coordinated Financial Services Inc. now owns 4,646 shares of the transportation company’s stock valued at $461,000 after acquiring an additional 465 shares in the last quarter. Finally, King Luther Capital Management Corp purchased a new position in United Parcel Service during the 4th quarter valued at about $673,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 2.4%

Shares of United Parcel Service stock opened at $104.43 on Thursday. The firm has a market cap of $88.77 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The stock has a 50-day simple moving average of $100.64 and a 200-day simple moving average of $102.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) 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 business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the company earned $1.49 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.3%. The ex-dividend date is Monday, May 18th. United Parcel Service’s payout ratio is 106.15%.

Analysts Set New Price Targets

Several research firms have weighed in on UPS. Jefferies Financial Group lifted their target price on United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wells Fargo & Company lifted their target price on United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Oppenheimer lifted their target price on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Citigroup lifted their target price on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $111.50.

United Parcel Service Profile

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.