Ossiam Acquires 2,913 Shares of United Parcel Service, Inc. (NYSE:UPS)

Ossiam lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 34.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,483 shares of the transportation company’s stock after acquiring an additional 2,913 shares during the period. Ossiam’s holdings in United Parcel Service were worth $1,448,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. IFS Advisors LLC grew its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the 4th quarter worth approximately $30,000. Finally, Whipplewood Advisors LLC purchased a new stake in United Parcel Service in the 4th quarter worth approximately $34,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 2.3 %

Shares of United Parcel Service stock opened at $96.34 on Monday. The company’s 50 day moving average price is $110.40 and its 200-day moving average price is $122.61. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42. 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 has a market capitalization of $82.29 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last announced its quarterly 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 net margin of 6.35% and a return on equity of 39.13%. During the same period last year, the firm posted $2.47 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.81%. United Parcel Service’s dividend payout ratio is presently 97.04%.

Analysts Set New Price Targets

A number of research analysts have recently commented on UPS shares. Evercore ISI boosted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research note on Friday, March 7th. They issued a “hold” rating and a $119.00 target price on the stock. Wolfe Research lowered their price target on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $160.00 to $130.00 in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.70.

About United Parcel Service

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.