Lineweaver Wealth Advisors LLC Acquires 2,558 Shares of United Parcel Service, Inc. (NYSE:UPS)

Lineweaver Wealth Advisors LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPSFree Report) by 26.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,135 shares of the transportation company’s stock after purchasing an additional 2,558 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in United Parcel Service were worth $1,909,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UPS. RB Capital Management LLC increased its holdings in United Parcel Service by 3.1% in the first 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 in the last quarter. Ergoteles LLC bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $1,162,000. Halbert Hargrove Global Advisors LLC increased 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 valued at $264,000 after acquiring an additional 112 shares in the last quarter. First Western Trust Bank bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $515,000. Finally, Stevens Capital Management LP bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $701,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UPS. Stifel Nicolaus decreased 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. Barclays decreased their price objective on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Susquehanna restated a “neutral” rating and set a $150.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. HSBC cut their target price on United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, TD Cowen cut their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $165.23.

Read Our Latest Research Report on UPS

United Parcel Service Stock Performance

NYSE:UPS opened at $148.63 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $197.80. The firm has a market cap of $126.73 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.80 and a beta of 1.05. The business’s fifty day moving average is $150.32 and its 200 day moving average is $152.11.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings data 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. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. During the same period in the previous year, the company posted $3.62 EPS. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 8.27 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is currently 83.70%.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.