Leonteq Securities AG purchased a new stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) during the 4th quarter, Holdings Channel reports. The fund purchased 11,540 shares of the transportation company’s stock, valued at approximately $1,145,000.
Several other institutional investors and hedge funds also recently modified their holdings of UPS. Pacer Advisors Inc. lifted its holdings in shares of United Parcel Service by 507.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock valued at $321,796,000 after purchasing an additional 2,710,470 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $181,951,000. Vanguard Group Inc. raised its position in shares of United Parcel Service by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after buying an additional 1,218,432 shares during the last quarter. AQR Capital Management LLC raised its position in shares of United Parcel Service by 94.8% in the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock valued at $231,388,000 after buying an additional 1,119,372 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of United Parcel Service by 17.3% in the third quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock valued at $561,678,000 after buying an additional 993,461 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on UPS. JPMorgan Chase & Co. boosted their price objective on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. BMO Capital Markets boosted their price objective on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Susquehanna boosted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on shares of United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Finally, UBS Group cut their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $111.87.
United Parcel Service Price Performance
United Parcel Service stock opened at $98.27 on Friday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The firm has a fifty day moving average of $100.33 and a 200-day moving average of $102.73. The firm has a market capitalization of $83.53 billion, a P/E ratio of 15.90, a PEG ratio of 1.57 and a beta of 1.06. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.
United Parcel Service (NYSE:UPS – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current year.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.7%. United Parcel Service’s dividend payout ratio is presently 106.15%.
About United Parcel Service
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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