RFG Bristol Wealth Advisors LLC Takes $914,000 Position in United Parcel Service, Inc. (NYSE:UPS)

RFG Bristol Wealth Advisors LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, Holdings Channel.com reports. The fund purchased 7,252 shares of the transportation company’s stock, valued at approximately $914,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $26,000. IFS Advisors LLC grew its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC increased its holdings in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.6 %

UPS stock opened at $109.29 on Wednesday. The stock has a market cap of $93.35 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The firm’s 50-day simple moving average is $117.65 and its 200 day simple moving average is $126.15. United Parcel Service, Inc. has a fifty-two week low of $108.18 and a fifty-two week high of $154.29. 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 (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $2.47 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 6.00%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is presently 97.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Loop Capital decreased their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Bank of America decreased their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research note on Friday, March 7th. They set a “hold” rating and a $119.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.83.

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.