Portfolio Design Labs LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 92.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,144 shares of the transportation company’s stock after purchasing an additional 6,329 shares during the quarter. Portfolio Design Labs LLC’s holdings in United Parcel Service were worth $1,304,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in UPS. Focus Partners Advisor Solutions LLC lifted its position in United Parcel Service by 14.3% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 37,618 shares of the transportation company’s stock worth $3,731,000 after acquiring an additional 4,699 shares during the last quarter. Waddell & Associates LLC acquired a new stake in United Parcel Service during the fourth quarter worth approximately $595,000. Cerity Partners LLC lifted its position in United Parcel Service by 27.8% during the fourth quarter. Cerity Partners LLC now owns 521,361 shares of the transportation company’s stock worth $51,714,000 after acquiring an additional 113,365 shares during the last quarter. Arizona PSPRS Trust acquired a new stake in United Parcel Service in the 4th quarter worth about $863,000. Finally, Erste Asset Management GmbH raised its stake in United Parcel Service by 37.2% in the 4th quarter. Erste Asset Management GmbH now owns 6,909 shares of the transportation company’s stock worth $689,000 after purchasing an additional 1,872 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on UPS. Susquehanna lifted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Citigroup lifted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. UBS Group dropped 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 note on Wednesday, April 29th. Finally, Evercore decreased their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $111.50.
United Parcel Service Price Performance
Shares of UPS stock opened at $103.33 on Thursday. 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 twelve month low of $82.00 and a twelve month high of $122.41. The company has a market cap of $87.83 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.72 and a beta of 1.05. The business has a fifty day simple moving average of $102.82 and a 200 day simple moving average of $103.93.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.United Parcel Service’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.
United Parcel Service Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio is currently 106.15%.
United Parcel Service Profile
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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