Fortis Group Advisors LLC Buys 250 Shares of United Parcel Service, Inc. (NYSE:UPS)

Fortis Group Advisors LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,719 shares of the transportation company’s stock after purchasing an additional 250 shares during the quarter. Fortis Group Advisors LLC’s holdings in United Parcel Service were worth $428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. Creekmur Asset Management LLC purchased a new position in United Parcel Service during the fourth quarter worth $324,000. Transcendent Capital Group LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth about $167,000. Pineridge Advisors LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth about $31,000. Scarborough Advisors LLC bought a new position in United Parcel Service during the 4th quarter valued at about $87,000. Finally, Syon Capital LLC raised its position in United Parcel Service by 34.0% in the 4th quarter. Syon Capital LLC now owns 6,162 shares of the transportation company’s stock worth $969,000 after purchasing an additional 1,562 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS stock traded up $0.76 during midday trading on Friday, reaching $135.65. The stock had a trading volume of 3,800,244 shares, compared to its average volume of 3,265,808. The firm has a fifty day simple moving average of $143.62 and a two-hundred day simple moving average of $149.86. United Parcel Service, Inc. has a 52-week low of $132.90 and a 52-week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market cap of $116.06 billion, a PE ratio of 19.66, a P/E/G ratio of 1.71 and a beta of 1.01.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same period last year, the firm earned $2.20 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UPS. Deutsche Bank Aktiengesellschaft cut their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. 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 note on Wednesday, April 3rd. Oppenheimer raised their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $164.95.

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.