Future Financial Wealth Managment LLC Takes $111,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Future Financial Wealth Managment LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 745 shares of the transportation company’s stock, valued at approximately $111,000.

Several other institutional investors have also recently added to or reduced their stakes in UPS. Paralel Advisors LLC increased its holdings in United Parcel Service by 1.3% in the third quarter. Paralel Advisors LLC now owns 9,869 shares of the transportation company’s stock valued at $1,538,000 after buying an additional 123 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of United Parcel Service by 17.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 40,797 shares of the transportation company’s stock valued at $6,359,000 after acquiring an additional 6,125 shares during the last quarter. Mckinley Capital Management LLC lifted its stake in United Parcel Service by 1.7% during the third quarter. Mckinley Capital Management LLC now owns 4,959 shares of the transportation company’s stock worth $773,000 after purchasing an additional 83 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in United Parcel Service by 6.7% in the third quarter. Valley National Advisers Inc. now owns 3,833 shares of the transportation company’s stock worth $598,000 after purchasing an additional 241 shares during the period. Finally, Trexquant Investment LP bought a new stake in United Parcel Service during the third quarter valued at $2,345,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price target for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Stifel Nicolaus lowered their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Susquehanna increased their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Evercore ISI reduced their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday. Finally, Wells Fargo & Company initiated coverage on United Parcel Service in a research report on Friday, June 7th. They issued an “overweight” rating and a $156.00 target price on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $164.55.

United Parcel Service Trading Down 1.7 %

United Parcel Service stock opened at $135.85 on Friday. The firm has a market cap of $116.23 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.75 and a beta of 1.01. United Parcel Service, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98. The firm’s 50 day moving average price is $141.96 and its two-hundred day moving average price is $148.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company posted $2.20 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.80%. United Parcel Service’s payout ratio is presently 94.49%.

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.