Evexia Wealth LLC Has $330,000 Stake in United Parcel Service, Inc. (NYSE:UPS)

Evexia Wealth LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,098 shares of the transportation company’s stock after purchasing an additional 225 shares during the period. Evexia Wealth LLC’s holdings in United Parcel Service were worth $330,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UPS. OFI Invest Asset Management bought a new position in United Parcel Service in the 3rd quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the fourth quarter worth $26,000. Life Planning Partners Inc acquired a new stake in United Parcel Service in the fourth quarter valued at $28,000. Bourgeon Capital Management LLC bought a new position in United Parcel Service during the 4th quarter worth $31,000. Finally, VisionPoint Advisory Group LLC lifted its holdings in United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after buying an additional 98 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. TD Cowen dropped their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Redburn Atlantic upgraded 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. Barclays dropped their price target on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 31st. Finally, Susquehanna increased their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Stock Performance

United Parcel Service stock traded up $0.43 during mid-day trading on Tuesday, reaching $147.10. 3,403,501 shares of the company’s stock were exchanged, compared to its average volume of 4,183,958. The firm has a market capitalization of $125.42 billion, a PE ratio of 21.32, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $149.35 and its 200 day simple moving average is $150.53. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.