NewSquare Capital LLC Buys 32,294 Shares of United Parcel Service, Inc. (NYSE:UPS)

NewSquare Capital LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 101.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,978 shares of the transportation company’s stock after acquiring an additional 32,294 shares during the period. NewSquare Capital LLC’s holdings in United Parcel Service were worth $8,009,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC grew its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $34,000. FSA Wealth Management LLC bought a new position in shares of United Parcel Service during the 3rd quarter worth approximately $36,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in United Parcel Service during the fourth quarter valued at approximately $38,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. Bank of America reduced their price target on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Raymond James reduced their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Evercore ISI raised their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Trading Down 2.1 %

UPS opened at $116.79 on Wednesday. The stock has a market capitalization of $99.75 billion, a PE ratio of 17.28, a P/E/G ratio of 1.55 and a beta of 0.98. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The business’s 50 day moving average price is $122.09 and its 200 day moving average price is $127.94.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate 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 last year, the firm posted $2.47 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

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.