Opinicus Capital Inc. Purchases New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Opinicus Capital Inc. purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,701 shares of the transportation company’s stock, valued at approximately $425,000.

Other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the period. First Financial Corp IN boosted its holdings in United Parcel Service by 24.2% in the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares during the period. Gleason Group Inc. boosted its holdings in United Parcel Service by 1.1% in the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the period. Advisors Capital Management LLC lifted its holdings in shares of United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 69 shares during the last quarter. Finally, Dfpg Investments LLC lifted its holdings in shares of United Parcel Service by 0.3% during the 4th quarter. Dfpg Investments LLC now owns 25,270 shares of the transportation company’s stock worth $3,981,000 after acquiring an additional 69 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.1 %

Shares of UPS stock traded up $0.20 during mid-day trading on Friday, reaching $147.59. The stock had a trading volume of 2,607,558 shares, compared to its average volume of 3,897,331. The stock’s 50-day moving average price is $149.56 and its two-hundred day moving average price is $150.96. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98. The firm has a market capitalization of $125.84 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.69 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 1.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. 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 6.60% and a return on equity of 37.42%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.20 EPS. Equities analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. United Parcel Service’s payout ratio is presently 94.49%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UPS. Raymond James dropped their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $150.00 to $170.00 in a report on Thursday. Barclays dropped 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. BMO Capital Markets lifted their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, TD Cowen dropped their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight 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 an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service 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.