Tennessee Valley Asset Management Partners Invests $26,000 in United Parcel Service, Inc. (NYSE:UPS)

Tennessee Valley Asset Management Partners bought a new position in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 167 shares of the transportation company’s stock, valued at approximately $26,000.

Other institutional investors have also recently modified their holdings of the company. MWA Asset Management purchased a new stake in shares of United Parcel Service during the third quarter valued at $2,125,000. Chesapeake Wealth Management boosted its position in shares of United Parcel Service by 1.3% during the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after buying an additional 103 shares during the last quarter. Cerity Partners LLC boosted its position in shares of United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after buying an additional 44,721 shares during the last quarter. Telos Capital Management Inc. boosted its position in shares of United Parcel Service by 1.0% during the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after buying an additional 740 shares during the last quarter. Finally, ING Groep NV lifted its holdings in United Parcel Service by 289.9% in the third quarter. ING Groep NV now owns 60,201 shares of the transportation company’s stock valued at $9,384,000 after acquiring an additional 44,760 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UPS shares. Bank of America increased their target price on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, April 3rd. Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $166.09.

United Parcel Service Stock Performance

NYSE:UPS opened at $146.61 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $192.98. The stock has a 50-day moving average price of $149.57 and a 200 day moving average price of $151.03. The stock has a market capitalization of $125.01 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $2.20 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.45%. The ex-dividend date was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto purchased 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

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.