Royal Fund Management LLC Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Royal Fund Management LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,144 shares of the transportation company’s stock after purchasing an additional 2,154 shares during the quarter. Royal Fund Management LLC’s holdings in United Parcel Service were worth $1,909,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MWA Asset Management acquired a new position in United Parcel Service in the 3rd quarter valued at about $2,125,000. Chesapeake Wealth Management lifted its holdings in shares of United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after acquiring an additional 103 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after acquiring an additional 44,721 shares during the last quarter. CapWealth Advisors LLC lifted its holdings in shares of United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after acquiring an additional 686 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its holdings in shares of United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after acquiring an additional 740 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UPS shares. TD Cowen cut 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 note on Thursday, March 28th. Oppenheimer upped their target price on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Finally, Evercore ISI reissued an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $165.23.

United Parcel Service Stock Performance

NYSE:UPS traded down $0.79 during trading hours on Friday, reaching $146.43. 2,039,256 shares of the company’s stock were exchanged, compared to its average volume of 3,606,672. The firm has a market capitalization of $124.85 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a 50-day moving average of $149.39 and a 200 day moving average of $150.67. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $192.98.

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

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) 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.