Evexia Wealth LLC Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Evexia Wealth LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,351 shares of the transportation company’s stock after buying an additional 228 shares during the quarter. Evexia Wealth LLC’s holdings in United Parcel Service were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UPS. Arete Wealth Advisors LLC increased its stake in United Parcel Service by 69.0% in the third quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company’s stock valued at $2,591,000 after purchasing an additional 7,786 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of United Parcel Service by 4.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 443,453 shares of the transportation company’s stock valued at $60,460,000 after buying an additional 20,527 shares during the last quarter. LRI Investments LLC raised its stake in United Parcel Service by 18.9% during the 3rd quarter. LRI Investments LLC now owns 825 shares of the transportation company’s stock worth $109,000 after acquiring an additional 131 shares in the last quarter. Executive Wealth Management LLC purchased a new stake in United Parcel Service in the third quarter valued at $7,689,000. Finally, Resources Management Corp CT ADV boosted its stake in United Parcel Service by 2.0% in the third quarter. Resources Management Corp CT ADV now owns 50,778 shares of the transportation company’s stock valued at $6,923,000 after acquiring an additional 999 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research analyst reports. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Raymond James reduced their price objective on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. Citigroup reduced their price target on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.32.

United Parcel Service Stock Performance

NYSE:UPS opened at $91.79 on Wednesday. The stock has a market cap of $78.40 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a fifty-two week low of $90.13 and a fifty-two week high of $153.42. The firm’s fifty day simple moving average is $113.30 and its 200-day simple moving average is $124.82. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $2.47 earnings per share. Analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 7.15%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

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.