Proficio Capital Partners LLC Takes $219,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Proficio Capital Partners LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,735 shares of the transportation company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UPS. IFS Advisors LLC grew its holdings in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. True Wealth Design LLC boosted its position in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in United Parcel Service during the fourth quarter worth about $34,000. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service during the third quarter worth approximately $36,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $38,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UPS shares. Bank of America dropped their price target on United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday. UBS Group lowered their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.57.

United Parcel Service Stock Up 0.0 %

United Parcel Service stock opened at $111.05 on Friday. The firm has a market capitalization of $94.85 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.55 and a beta of 0.94. The company’s 50 day simple moving average is $118.92 and its 200 day simple moving average is $126.58. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $154.29.

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

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. 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. This represents a $6.56 annualized dividend and a yield of 5.91%. United Parcel Service’s payout ratio is currently 97.04%.

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.