HHM Wealth Advisors LLC Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

HHM Wealth Advisors LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 20.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,313 shares of the transportation company’s stock after buying an additional 220 shares during the quarter. HHM Wealth Advisors LLC’s holdings in United Parcel Service were worth $206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. International Assets Investment Management LLC lifted its stake in United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP lifted its stake in United Parcel Service by 31.7% during the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after purchasing an additional 2,331,875 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after purchasing an additional 628,944 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in United Parcel Service by 36.4% during the third quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock worth $315,832,000 after purchasing an additional 541,163 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in United Parcel Service by 28.0% during the third quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock worth $379,245,000 after purchasing an additional 532,934 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock traded up $0.20 on Friday, reaching $147.59. 2,607,558 shares of the company’s stock were exchanged, compared to its average volume of 3,897,331. The stock has a fifty day moving average of $149.56 and a 200-day moving average of $150.93. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $192.98. The firm has a market cap of $125.84 billion, a PE ratio of 21.39, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the prior year, the company posted $2.20 earnings per share. United Parcel Service’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend 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 94.49%.

Analyst Ratings Changes

Several research firms recently weighed in on UPS. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Morgan Stanley lifted their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. cut their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Finally, HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $170.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $165.23.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

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.