NewSquare Capital LLC Buys 885 Shares of United Parcel Service, Inc. (NYSE:UPS)

NewSquare Capital LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,336 shares of the transportation company’s stock after purchasing an additional 885 shares during the quarter. NewSquare Capital LLC’s holdings in United Parcel Service were worth $4,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. OFI Invest Asset Management acquired a new position in shares of United Parcel Service in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service during the 4th quarter valued at $26,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service during the 4th quarter valued at $28,000. Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service during the 4th quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC lifted its position in shares of United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 98 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

United Parcel Service stock traded up $3.49 during mid-day trading on Tuesday, reaching $148.85. The company’s stock had a trading volume of 6,369,349 shares, compared to its average volume of 4,349,812. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.31. The firm has a market cap of $126.92 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.66 and a beta of 1.05. 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 business has a 50 day moving average price of $149.44 and a 200-day moving average price of $151.10.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.14). The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the firm posted $2.20 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.38%. United Parcel Service’s dividend payout ratio is currently 83.70%.

Analysts Set New Price Targets

UPS has been the subject of a number of recent research reports. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Evercore ISI reiterated an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Barclays reduced 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. Oppenheimer reiterated an “outperform” rating and issued a $153.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Finally, Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $165.61.

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.