Sigma Planning Corp Acquires 1,034 Shares of United Parcel Service, Inc. (NYSE:UPS)

Sigma Planning Corp boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,878 shares of the transportation company’s stock after acquiring an additional 1,034 shares during the period. Sigma Planning Corp’s holdings in United Parcel Service were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. AMF Tjanstepension AB boosted its position in United Parcel Service by 39.7% during the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock valued at $14,793,000 after acquiring an additional 30,815 shares in the last quarter. Dakota Wealth Management boosted its position in United Parcel Service by 42.2% during the third quarter. Dakota Wealth Management now owns 11,060 shares of the transportation company’s stock valued at $1,508,000 after purchasing an additional 3,280 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in United Parcel Service by 18.5% during the third quarter. Silver Oak Securities Incorporated now owns 3,977 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 620 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in United Parcel Service by 3.7% during the third quarter. Legacy Wealth Asset Management LLC now owns 3,794 shares of the transportation company’s stock valued at $517,000 after purchasing an additional 136 shares in the last quarter. Finally, PFG Investments LLC boosted its position in United Parcel Service by 12.2% during the third quarter. PFG Investments LLC now owns 13,518 shares of the transportation company’s stock valued at $1,843,000 after purchasing an additional 1,473 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of UPS stock opened at $116.35 on Monday. The stock has a market cap of $99.38 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The business has a 50-day simple moving average of $123.21 and a 200-day simple moving average of $128.39. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the firm earned $2.47 earnings per share. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.64%. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s payout ratio is currently 97.04%.

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group lowered their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.73.

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.