Green Ridge Wealth Planning LLC Buys Shares of 14,604 United Parcel Service, Inc. $UPS

Green Ridge Wealth Planning LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 14,604 shares of the transportation company’s stock, valued at approximately $1,449,000. United Parcel Service comprises 0.7% of Green Ridge Wealth Planning LLC’s holdings, making the stock its 29th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in United Parcel Service during the fourth quarter worth about $25,000. Coston McIsaac & Partners boosted its holdings in United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC acquired a new position in United Parcel Service during the fourth quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $29,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UPS. Evercore dropped their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. UBS Group decreased their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Citigroup upped their price target on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Susquehanna raised their price objective on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average target price of $111.50.

United Parcel Service Stock Performance

Shares of UPS opened at $105.29 on Friday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company’s 50 day simple moving average is $104.09 and its 200 day simple moving average is $104.47. The company has a market capitalization of $89.50 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. United Parcel Service’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. United Parcel Service’s payout ratio is currently 106.15%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.