United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,423 shares of the transportation company’s stock after acquiring an additional 272 shares during the period. Fidelis Capital Partners LLC’s holdings in United Parcel Service were worth $381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MWA Asset Management purchased a new position in shares of United Parcel Service during the 3rd quarter worth approximately $2,125,000. Chesapeake Wealth Management increased its stake in shares of United Parcel Service by 1.3% during the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC increased its stake in shares of United Parcel Service by 13.1% during the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after purchasing an additional 44,721 shares in the last quarter. CapWealth Advisors LLC increased its stake in shares of United Parcel Service by 1.2% during the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after purchasing an additional 686 shares in the last quarter. Finally, Telos Capital Management Inc. increased its stake in shares of United Parcel Service by 1.0% during the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after purchasing an additional 740 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were purchased 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $142.77 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $121.73 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.66 and a beta of 1.05. The firm’s fifty day simple moving average is $149.48 and its 200 day simple moving average is $151.19. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.01. The business had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.62 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 8.2 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.57%. United Parcel Service’s payout ratio is presently 83.70%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UPS. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. HSBC dropped their price objective on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Daiwa Capital Markets cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 target price for the company. in a research note on Tuesday, December 26th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Finally, Barclays lowered their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $165.61.

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.