DeDora Capital Inc. Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

DeDora Capital Inc. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,933 shares of the transportation company’s stock after buying an additional 284 shares during the period. DeDora Capital Inc.’s holdings in United Parcel Service were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Pacific Center for Financial Services purchased a new stake in United Parcel Service during the 1st quarter worth about $25,000. VisionPoint Advisory Group LLC purchased a new stake in United Parcel Service during the 2nd quarter worth about $25,000. IMA Wealth Inc. lifted its holdings in shares of United Parcel Service by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 71 shares during the last quarter. Worth Asset Management LLC purchased a new stake in shares of United Parcel Service in the 1st quarter valued at about $27,000. Finally, OFI Invest Asset Management purchased a new stake in shares of United Parcel Service in the 3rd quarter valued at about $25,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

UPS stock traded up $1.31 on Thursday, reaching $148.64. The company had a trading volume of 5,196,199 shares, compared to its average volume of 4,429,152. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The company’s fifty day moving average is $150.64 and its 200 day moving average is $152.25. The company has a market cap of $126.74 billion, a P/E ratio of 19.08, a PEG ratio of 1.64 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The firm had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. During the same quarter in the prior year, the company earned $3.62 EPS. United Parcel Service’s revenue was down 7.8% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 8.29 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is currently 83.70%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UPS shares. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a report on Tuesday, February 6th. Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $170.00 in a report on Friday, February 16th. Barclays reduced their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Finally, Susquehanna reaffirmed a “neutral” rating and set a $150.00 price objective on shares of United Parcel Service in a research note on Wednesday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $165.23.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of United Parcel Service stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.