United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 26.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,811 shares of the transportation company’s stock after acquiring an additional 7,443 shares during the period. Vinva Investment Management Ltd’s holdings in United Parcel Service were worth $4,488,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UPS. Raymond James Financial Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth $393,680,000. Two Sigma Advisers LP boosted its holdings in shares of United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after purchasing an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock worth $397,329,000 after purchasing an additional 1,378,136 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares during the last quarter. Finally, Amundi boosted its holdings in shares of United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after purchasing an additional 1,277,328 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of several research reports. UBS Group cut their target price on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Loop Capital cut their target price on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Susquehanna cut their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Evercore ISI increased their target price on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Stock Down 1.2 %

Shares of NYSE UPS opened at $117.42 on Thursday. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95. The firm has a market cap of $100.30 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.55 and a beta of 0.94. 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 stock’s 50-day simple moving average is $120.49 and its 200-day simple moving average is $127.18.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the business earned $2.47 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.59%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

United Parcel Service Company 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.