Schechter Investment Advisors LLC Has $1.18 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Schechter Investment Advisors LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,483 shares of the transportation company’s stock after buying an additional 586 shares during the quarter. Schechter Investment Advisors LLC’s holdings in United Parcel Service were worth $1,177,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. RB Capital Management LLC raised its stake in shares of United Parcel Service by 3.1% during the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock worth $577,000 after purchasing an additional 81 shares during the period. Ergoteles LLC purchased a new position in United Parcel Service during the 1st quarter valued at about $1,162,000. Halbert Hargrove Global Advisors LLC grew its holdings in shares of United Parcel Service by 10.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after purchasing an additional 112 shares in the last quarter. First Western Trust Bank bought a new stake in United Parcel Service in the 1st quarter worth approximately $515,000. Finally, Stevens Capital Management LP bought a new stake in United Parcel Service in the 1st quarter worth approximately $701,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $147.33 on Thursday. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The company’s fifty day simple moving average is $150.79 and its 200-day simple moving average is $152.28. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. The company has a market cap of $125.62 billion, a PE ratio of 18.91, a P/E/G ratio of 1.64 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The firm had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.62 EPS. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.29 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.43%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s payout ratio is 83.70%.

Insiders Place Their Bets

In related news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UPS shares. Oppenheimer restated an “outperform” rating and set a $153.00 target price on shares of United Parcel Service in a report on Wednesday. Evercore ISI restated an “in-line” rating and set a $154.00 target price on shares of United Parcel Service in a research report on Wednesday. Susquehanna restated a “neutral” rating and set a $150.00 price objective on shares of United Parcel Service in a research report on Wednesday. Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets boosted their price objective on United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $166.81.

United Parcel Service Company 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.