Live Oak Private Wealth LLC Purchases 315 Shares of United Parcel Service, Inc. (NYSE:UPS)

Live Oak Private Wealth LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 47,817 shares of the transportation company’s stock after buying an additional 315 shares during the quarter. United Parcel Service accounts for 1.4% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 27th biggest holding. Live Oak Private Wealth LLC’s holdings in United Parcel Service were worth $7,518,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UPS. RB Capital Management LLC raised its position in shares of United Parcel Service by 3.1% in the first quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after purchasing an additional 81 shares during the period. Ergoteles LLC bought a new position in shares of United Parcel Service in the first quarter valued at about $1,162,000. Halbert Hargrove Global Advisors LLC raised its position in shares of United Parcel Service by 10.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 112 shares during the period. First Western Trust Bank bought a new position in United Parcel Service during the first quarter worth about $515,000. Finally, Stevens Capital Management LP bought a new position in United Parcel Service during the first quarter worth about $701,000. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. TD Cowen lowered their price target 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. HSBC reduced their price objective on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Wednesday, April 3rd. Finally, Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $165.61.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 2.8 %

NYSE UPS traded down $4.14 during trading hours on Friday, reaching $144.87. The company’s stock had a trading volume of 4,121,111 shares, compared to its average volume of 4,340,167. The firm has a fifty day simple moving average of $149.70 and a 200-day simple moving average of $151.58. The stock has a market cap of $123.52 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.71 and a beta of 1.05. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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. The business had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the business earned $3.62 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 8.21 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.50%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is 83.70%.

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.