Parallel Advisors LLC Purchases 743 Shares of United Parcel Service, Inc. (NYSE:UPS)

Parallel Advisors LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,420 shares of the transportation company’s stock after purchasing an additional 743 shares during the quarter. Parallel Advisors LLC’s holdings in United Parcel Service were worth $2,071,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cibc World Markets Corp lifted its holdings in shares of United Parcel Service by 16.3% during the 4th quarter. Cibc World Markets Corp now owns 115,449 shares of the transportation company’s stock worth $14,558,000 after acquiring an additional 16,181 shares during the period. Rockport Wealth LLC acquired a new position in United Parcel Service in the fourth quarter worth about $794,000. IMG Wealth Management Inc. bought a new position in United Parcel Service during the fourth quarter worth about $25,000. Signature Wealth Management Group boosted its holdings in United Parcel Service by 3.9% during the fourth quarter. Signature Wealth Management Group now owns 26,197 shares of the transportation company’s stock valued at $3,303,000 after purchasing an additional 995 shares in the last quarter. Finally, First National Advisers LLC grew its stake in shares of United Parcel Service by 3.4% in the 4th quarter. First National Advisers LLC now owns 12,848 shares of the transportation company’s stock valued at $1,620,000 after purchasing an additional 427 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $118.85 on Wednesday. The firm has a fifty day moving average of $120.67 and a two-hundred day moving average of $127.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market capitalization of $101.51 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $158.95.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $2.47 earnings per share. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.52%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

Wall Street Analyst Weigh In

UPS has been the topic of several recent analyst reports. Evercore ISI boosted their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Raymond James reduced their target price on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 target price for the company. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research report on Wednesday, January 8th. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $138.09.

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.