Hudson Bay Capital Management LP Takes $17.92 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Hudson Bay Capital Management LP acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 142,101 shares of the transportation company’s stock, valued at approximately $17,919,000.

Other hedge funds also recently made changes to their positions in the company. Global Assets Advisory LLC increased its stake in United Parcel Service by 56.8% during the 4th quarter. Global Assets Advisory LLC now owns 3,029 shares of the transportation company’s stock worth $375,000 after buying an additional 1,097 shares during the period. Gotham Asset Management LLC increased its position in shares of United Parcel Service by 103.9% during the fourth quarter. Gotham Asset Management LLC now owns 50,757 shares of the transportation company’s stock worth $6,400,000 after acquiring an additional 25,861 shares during the last quarter. Focus Partners Wealth increased its position in shares of United Parcel Service by 16.5% during the fourth quarter. Focus Partners Wealth now owns 424,912 shares of the transportation company’s stock worth $53,808,000 after acquiring an additional 60,026 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in shares of United Parcel Service by 57.2% in the fourth quarter. Ensign Peak Advisors Inc now owns 220,698 shares of the transportation company’s stock worth $27,830,000 after acquiring an additional 80,290 shares in the last quarter. Finally, Ethic Inc. grew its stake in United Parcel Service by 25.0% during the 4th quarter. Ethic Inc. now owns 26,365 shares of the transportation company’s stock valued at $3,325,000 after purchasing an additional 5,269 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several research analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. UBS Group decreased their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Evercore ISI upped 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. Susquehanna decreased their price target on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Finally, Wolfe Research cut their price objective on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $120.87.

United Parcel Service Price Performance

Shares of UPS opened at $95.92 on Friday. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $153.42. The stock’s fifty day moving average is $104.28 and its 200-day moving average is $118.84. 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 firm has a market capitalization of $81.93 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. United Parcel Service’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.84%. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

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.