Vericrest Private Wealth Acquires Shares of 14,397 United Parcel Service, Inc. $UPS

Vericrest Private Wealth bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,397 shares of the transportation company’s stock, valued at approximately $1,428,000. United Parcel Service accounts for 1.3% of Vericrest Private Wealth’s investment portfolio, making the stock its 20th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in United Parcel Service during the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $25,000. Coston McIsaac & Partners increased its position in shares of 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 purchasing an additional 119 shares in the last quarter. Torren Management LLC acquired a new position in United Parcel Service in the 4th quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UPS shares. Citigroup increased their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Susquehanna upped their price target on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Evercore lowered their price target on 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 cut their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service Price Performance

Shares of UPS opened at $105.29 on Friday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The stock’s 50 day moving average is $104.09 and its two-hundred day moving average is $104.47. The firm has a market capitalization of $89.50 billion, a PE ratio of 17.04, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

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

United Parcel Service Announces Dividend

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

About United Parcel Service

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.