LM Advisors LLC Acquires Shares of 6,580 United Parcel Service, Inc. (NYSE:UPS)

LM Advisors LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,580 shares of the transportation company’s stock, valued at approximately $830,000.

Several other large investors have also made changes to their positions in the company. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $26,000. IFS Advisors LLC lifted its stake in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the period. True Wealth Design LLC boosted its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $110.94 on Thursday. The stock’s 50-day moving average is $119.30 and its 200-day moving average is $126.68. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $154.29. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market cap of $94.76 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the company posted $2.47 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Truist Financial started coverage on shares of United Parcel Service in a report on Thursday, March 13th. They set a “buy” rating and a $140.00 price objective for the company. Loop Capital cut their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Bank of America reduced their price target on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, UBS Group lowered their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.91.

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.