Runnymede Capital Advisors Inc. Takes Position in United Parcel Service, Inc. (NYSE:UPS)

Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 237 shares of the transportation company’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Raymond James Financial Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $393,680,000. Two Sigma Advisers LP boosted its position in United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after acquiring an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp boosted its position in United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after acquiring an additional 1,378,136 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares during the last quarter. Finally, Amundi boosted its position in United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after acquiring an additional 1,277,328 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of UPS opened at $115.25 on Friday. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $157.99. The firm’s 50 day moving average price is $120.13 and its 200 day moving average price is $127.01. The company has a market cap of $98.44 billion, a P/E ratio of 17.05, a PEG ratio of 1.55 and a beta of 0.94. 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 (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the company posted $2.47 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.69%. The ex-dividend date was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is 97.04%.

Analysts Set New Price Targets

A number of research firms recently weighed in on UPS. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research report on Wednesday, January 8th. Loop Capital reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. UBS Group reduced their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Stifel Nicolaus reduced their target price on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.09.

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.