United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,549 shares of the transportation company’s stock after purchasing an additional 101 shares during the period. Geneos Wealth Management Inc.’s holdings in United Parcel Service were worth $676,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service during the 4th quarter worth $26,000. Life Planning Partners Inc purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Northwest Financial Advisors acquired a new position in shares of United Parcel Service in the fourth quarter worth about $28,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the fourth quarter valued at about $31,000. Finally, Bourgeon Capital Management LLC acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $2.59 during trading on Thursday, reaching $138.24. The company had a trading volume of 3,446,636 shares, compared to its average volume of 3,995,882. United Parcel Service, Inc. has a twelve month low of $132.90 and a twelve month 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 firm has a market capitalization of $118.27 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. The firm’s fifty day moving average is $139.83 and its 200 day moving average is $147.20.

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

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders 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 annualized dividend and a dividend yield of 4.72%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company initiated 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 target for the company. Susquehanna increased their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Stifel Nicolaus lowered their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Morgan Stanley increased their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Finally, BMO Capital Markets boosted their price target on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average price target of $164.55.

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.