Taylor Financial Group Inc. Purchases Shares of 5,148 United Parcel Service, Inc. (NYSE:UPS)

Taylor Financial Group Inc. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,148 shares of the transportation company’s stock, valued at approximately $809,000.

A number of other institutional investors have also bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service during the 4th quarter worth about $26,000. Life Planning Partners Inc acquired a new stake in shares of United Parcel Service in the 4th quarter worth about $28,000. Northwest Financial Advisors acquired a new stake in shares of United Parcel Service in the 4th quarter worth about $28,000. Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth about $31,000. Finally, Security National Bank purchased a new stake in United Parcel Service in the 4th quarter valued at about $31,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Evercore ISI reiterated an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Susquehanna raised their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company started coverage on shares of United Parcel Service in a research note on Friday, June 7th. They set an “overweight” rating and a $156.00 price target for the company. Finally, Bank of America raised their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $164.95.

United Parcel Service Price Performance

Shares of NYSE UPS traded up $0.76 during mid-day trading on Friday, reaching $135.65. 3,420,597 shares of the company were exchanged, compared to its average volume of 3,981,243. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. 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 stock has a market capitalization of $116.06 billion, a PE ratio of 19.50, a PEG ratio of 1.73 and a beta of 1.01. The company’s 50 day moving average price is $143.94 and its 200 day moving average price is $149.97.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the previous year, the firm posted $2.20 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 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.