Pasadena Private Wealth LLC Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Pasadena Private Wealth LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 1,790 shares of the transportation company’s stock, valued at approximately $266,000.

Other large investors also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $26,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service during the fourth quarter worth about $28,000. Northwest Financial Advisors acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new stake in United Parcel Service in the 4th quarter valued at approximately $31,000. Finally, Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $31,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Morgan Stanley boosted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective 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 target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Finally, Evercore ISI decreased their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $164.55.

United Parcel Service Stock Performance

Shares of UPS stock traded up $0.72 during midday trading on Friday, hitting $136.55. 349,947 shares of the company were exchanged, compared to its average volume of 4,018,527. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The firm has a market capitalization of $116.83 billion, a P/E ratio of 19.69, a PEG ratio of 1.75 and a beta of 1.01. The firm’s 50 day moving average price is $141.96 and its two-hundred day moving average price is $148.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The company 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 37.42% and a net margin of 6.60%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.77%. The ex-dividend date was Friday, May 10th. United Parcel Service’s payout ratio is 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.