United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by CFO4Life Group LLC

CFO4Life Group LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 322,198 shares of the transportation company’s stock after purchasing an additional 5,328 shares during the period. United Parcel Service accounts for approximately 8.7% of CFO4Life Group LLC’s holdings, making the stock its biggest position. CFO4Life Group LLC’s holdings in United Parcel Service were worth $47,888,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $26,000. Life Planning Partners Inc purchased a new position in United Parcel Service during the fourth quarter valued at approximately $28,000. Northwest Financial Advisors purchased a new position in United Parcel Service during the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC purchased a new position in United Parcel Service during the fourth quarter valued at approximately $31,000. Finally, Security National Bank purchased a new position in United Parcel Service during the fourth quarter valued at approximately $31,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of UPS traded up $2.80 during trading hours on Friday, hitting $141.04. The stock had a trading volume of 1,656,043 shares, compared to its average volume of 3,978,314. The company’s fifty day moving average is $139.65 and its two-hundred day moving average is $147.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The stock has a market capitalization of $120.67 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.72 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.62%. United Parcel Service’s payout ratio is presently 94.49%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UPS. BMO Capital Markets boosted their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Wednesday, April 3rd. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Wells Fargo & Company started coverage on shares of United Parcel Service in a research note on Friday, June 7th. They issued an “overweight” rating and a $156.00 price objective for the company. Finally, Bank of America boosted their price objective 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 given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average price target of $164.55.

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.