Barlow Wealth Partners Inc. Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Barlow Wealth Partners Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,638 shares of the transportation company’s stock, valued at approximately $258,000.

A number of other hedge funds have also made changes to their positions in the business. MWA Asset Management acquired a new stake in United Parcel Service during the third quarter worth approximately $2,125,000. Chesapeake Wealth Management boosted its stake in United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after purchasing an additional 44,721 shares during the last quarter. CapWealth Advisors LLC increased its position in shares of United Parcel Service by 1.2% during the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after purchasing an additional 686 shares in the last quarter. Finally, Telos Capital Management Inc. boosted its position 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 valued at $11,587,000 after purchasing an additional 740 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS traded up $0.43 on Tuesday, hitting $147.10. 3,403,501 shares of the company were exchanged, compared to its average volume of 4,183,958. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The firm has a market capitalization of $125.42 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The business’s fifty day moving average is $149.35 and its 200 day moving average is $150.53.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate 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 business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the previous year, the company earned $2.20 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on UPS shares. Susquehanna boosted their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Bank of America raised their price target on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $165.23.

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.