Evexia Wealth LLC Buys 225 Shares of United Parcel Service, Inc. (NYSE:UPS)

Evexia Wealth LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,098 shares of the transportation company’s stock after buying an additional 225 shares during the quarter. Evexia Wealth LLC’s holdings in United Parcel Service were worth $330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of UPS. OFI Invest Asset Management bought a new position in United Parcel Service during the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $31,000. Finally, VisionPoint Advisory Group LLC lifted its position in shares of United Parcel Service by 69.5% during the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after purchasing an additional 98 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. UBS Group raised United Parcel Service from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Raymond James dropped their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. Finally, BMO Capital Markets upped their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $165.23.

United Parcel Service Stock Performance

Shares of UPS traded up $0.43 during trading hours on Tuesday, reaching $147.10. 3,403,501 shares of the company traded hands, compared to its average volume of 4,183,958. The stock has a market capitalization of $125.42 billion, a P/E ratio of 21.32, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The business has a fifty day moving average price of $149.35 and a 200-day moving average price of $150.53. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the previous year, the business posted $2.20 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.43%. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.