3,636 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,636 shares of the transportation company’s stock, valued at approximately $458,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after purchasing an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at $461,000. Synovus Financial Corp lifted its holdings in shares of United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after acquiring an additional 6,941 shares in the last quarter. HF Advisory Group LLC purchased a new stake in United Parcel Service during the 4th quarter worth $1,305,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after purchasing an additional 28,108 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on UPS. Stifel Nicolaus reduced their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.91.

United Parcel Service Stock Performance

Shares of UPS opened at $110.01 on Wednesday. The firm has a fifty day moving average of $119.63 and a 200-day moving average of $126.79. The company has a market cap of $93.97 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $157.99.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping 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 business posted $2.47 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.96%. 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%.

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.