United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,283 shares of the transportation company’s stock after acquiring an additional 9,550 shares during the period. Quantinno Capital Management LP’s holdings in United Parcel Service were worth $9,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wedmont Private Capital lifted its position in shares of United Parcel Service by 30.2% during the 4th quarter. Wedmont Private Capital now owns 3,133 shares of the transportation company’s stock valued at $386,000 after acquiring an additional 726 shares during the period. Accurate Wealth Management LLC grew its holdings in United Parcel Service by 22.3% in the fourth quarter. Accurate Wealth Management LLC now owns 3,988 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 727 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in United Parcel Service by 2.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 5,393 shares of the transportation company’s stock valued at $680,000 after purchasing an additional 150 shares during the last quarter. Pines Wealth Management LLC acquired a new stake in United Parcel Service in the fourth quarter valued at $353,000. Finally, Fifth Third Wealth Advisors LLC grew its holdings in United Parcel Service by 41.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 13,767 shares of the transportation company’s stock valued at $1,736,000 after purchasing an additional 4,021 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UPS shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Citigroup lowered their target price on United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Susquehanna lowered their target price on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group lowered their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Galvan Research decreased their price objective on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Stock Performance

NYSE UPS opened at $100.26 on Friday. The business’s 50-day moving average price is $102.66 and its 200 day moving average price is $117.95. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $150.03. The company has a market capitalization of $85.64 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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 return on equity of 39.13% and a net margin of 6.35%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.54%. United Parcel Service’s payout ratio is currently 95.63%.

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.