Deane Retirement Strategies Inc. Has $3.45 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Deane Retirement Strategies Inc. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,965 shares of the transportation company’s stock after buying an additional 106 shares during the quarter. United Parcel Service makes up approximately 1.9% of Deane Retirement Strategies Inc.’s holdings, making the stock its 18th largest holding. Deane Retirement Strategies Inc.’s holdings in United Parcel Service were worth $3,454,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UPS. Norges Bank bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $1,255,623,000. Moneta Group Investment Advisors LLC grew its position in United Parcel Service by 105,818.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock worth $732,833,000 after acquiring an additional 4,211,580 shares in the last quarter. Wellington Management Group LLP grew its position in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares in the last quarter. Morgan Stanley increased its stake in shares of United Parcel Service by 33.7% during the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after purchasing an additional 1,949,775 shares during the last quarter. Finally, Providence Capital Advisors LLC lifted its stake in shares of United Parcel Service by 19,991.7% in the 1st quarter. Providence Capital Advisors LLC now owns 1,905,500 shares of the transportation company’s stock valued at $9,822,000 after purchasing an additional 1,896,016 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

UPS stock traded up $0.91 during trading on Thursday, reaching $148.24. 1,744,776 shares of the stock were exchanged, compared to its average volume of 4,368,838. The stock has a 50 day simple moving average of $150.79 and a 200-day simple moving average of $152.28. 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 company has a market capitalization of $126.40 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. United Parcel Service’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.62 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.29 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.40%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 83.70%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus increased their target price on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Raymond James cut their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. TD Cowen decreased their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, Barclays decreased their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $166.48.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

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.