Tyche Wealth Partners LLC Purchases Shares of 6,004 United Parcel Service, Inc. (NYSE:UPS)

Tyche Wealth Partners LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, Holdings Channel.com reports. The fund purchased 6,004 shares of the transportation company’s stock, valued at approximately $944,000.

Several other institutional investors also recently bought and sold shares of UPS. RB Capital Management LLC increased its holdings in shares of United Parcel Service by 3.1% during the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock worth $577,000 after buying an additional 81 shares during the last quarter. Ergoteles LLC acquired a new stake in shares of United Parcel Service during the 1st quarter worth $1,162,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of United Parcel Service by 10.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after buying an additional 112 shares during the last quarter. First Western Trust Bank acquired a new stake in shares of United Parcel Service during the 1st quarter worth $515,000. Finally, Stevens Capital Management LP acquired a new stake in shares of United Parcel Service during the 1st quarter worth $701,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 1.3 %

NYSE:UPS traded down $1.94 during mid-day trading on Tuesday, reaching $142.91. The stock had a trading volume of 4,195,426 shares, compared to its average volume of 4,323,524. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $149.81 and its two-hundred day simple moving average is $151.49. United Parcel Service, Inc. has a 1-year low of $133.68 and a 1-year high of $197.80. The company has a market capitalization of $121.85 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. During the same quarter last year, the company posted $3.62 earnings per share. United Parcel Service’s revenue was down 7.8% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post 8.21 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.56%. 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%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UPS shares. Barclays dropped their price objective on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. Raymond James decreased their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. HSBC decreased their price target on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $165.61.

Insider Activity

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the firm’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 completion of the transaction, the director now owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service 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.