Boston Financial Mangement LLC Purchases 152 Shares of United Parcel Service, Inc. (NYSE:UPS)

Boston Financial Mangement LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,978 shares of the transportation company’s stock after buying an additional 152 shares during the quarter. Boston Financial Mangement LLC’s holdings in United Parcel Service were worth $754,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UPS. AMF Tjanstepension AB increased its holdings in United Parcel Service by 39.7% in the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock valued at $14,793,000 after buying an additional 30,815 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of United Parcel Service by 40.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,515 shares of the transportation company’s stock valued at $14,113,000 after purchasing an additional 29,657 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of United Parcel Service by 11.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 15,857 shares of the transportation company’s stock valued at $2,162,000 after purchasing an additional 1,648 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of United Parcel Service by 0.4% in the 3rd quarter. Private Advisor Group LLC now owns 104,868 shares of the transportation company’s stock valued at $14,298,000 after purchasing an additional 466 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its stake in shares of United Parcel Service by 8.9% in the 3rd quarter. Elevated Capital Advisors LLC now owns 4,438 shares of the transportation company’s stock valued at $605,000 after purchasing an additional 364 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UPS. Wells Fargo & Company reduced their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Evercore ISI raised their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Performance

NYSE:UPS opened at $116.55 on Friday. The company has a fifty day moving average of $123.46 and a 200-day moving average of $128.40. The firm has a market capitalization of $99.46 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.52 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the firm posted $2.47 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 97.04%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

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.