J. Derek Lewis & Associates Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 4,985 shares of the transportation company’s stock, valued at approximately $494,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. bought a new stake in United Parcel Service during the fourth quarter valued at $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of United Parcel Service in the 4th quarter worth about $25,000. Coston McIsaac & Partners lifted its position in shares of United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Torren Management LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 60.26% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on UPS shares. Evercore dropped their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Citigroup lifted their target price on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Susquehanna increased their price target on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, UBS Group cut their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $111.50.
United Parcel Service Stock Up 0.4%
UPS stock opened at $105.29 on Friday. 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, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The firm’s 50-day simple moving average is $104.09 and its 200 day simple moving average is $104.47. The stock has a market cap of $89.50 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05.
United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. United Parcel Service’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.49 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current year.
United Parcel Service Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is 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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