United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by RMR Wealth Builders

RMR Wealth Builders raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 33.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,180 shares of the transportation company’s stock after acquiring an additional 1,312 shares during the quarter. RMR Wealth Builders’ holdings in United Parcel Service were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the period. First Financial Corp IN increased its position in United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. raised its stake in United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the last quarter. Advisors Capital Management LLC boosted its holdings in United Parcel Service by 0.5% in the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 69 shares during the period. Finally, Dfpg Investments LLC grew its position in United Parcel Service by 0.3% in the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.5 %

United Parcel Service stock traded up $0.68 during midday trading on Wednesday, hitting $147.77. 2,799,596 shares of the stock were exchanged, compared to its average volume of 4,164,817. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $126.00 billion, a PE ratio of 21.42, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a fifty day simple moving average of $149.35 and a two-hundred day simple moving average of $150.53.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UPS shares. Barclays reduced their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. Bank of America raised their price objective on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. TD Cowen decreased their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Evercore ISI reissued an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. Finally, Argus cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $165.23.

About United Parcel Service

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.