Summit Financial Wealth Advisors LLC Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Summit Financial Wealth Advisors LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,221 shares of the transportation company’s stock after acquiring an additional 4,879 shares during the quarter. United Parcel Service comprises approximately 1.6% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Summit Financial Wealth Advisors LLC’s holdings in United Parcel Service were worth $7,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chesapeake Wealth Management increased its stake in United Parcel Service by 1.3% during the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after acquiring an additional 103 shares during the last quarter. Cerity Partners LLC grew its stake in shares of United Parcel Service by 13.1% in 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 in the last quarter. CapWealth Advisors LLC grew its stake in shares of United Parcel Service by 1.2% in the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after buying an additional 686 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in United Parcel Service by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock valued at $578,053,000 after purchasing an additional 200,297 shares in the last quarter. Finally, KLCM Advisors Inc. acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $2,410,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Oppenheimer increased their target price on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Bank of America raised their price target on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Stifel Nicolaus cut their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. One equities research 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 company’s stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Performance

NYSE:UPS traded down $0.85 during mid-day trading on Monday, hitting $135.50. 2,772,524 shares of the company’s stock traded hands, compared to its average volume of 4,015,932. The firm has a 50 day moving average of $140.55 and a two-hundred day moving average of $147.60. United Parcel Service, Inc. has a 12 month low of $132.90 and a 12 month high of $192.98. The firm has a market capitalization of $115.93 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating 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 37.42% and a net margin of 6.60%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.81%. United Parcel Service’s dividend payout ratio (DPR) is presently 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.