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

Vinva Investment Management Ltd lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,811 shares of the transportation company’s stock after purchasing an additional 7,443 shares during the quarter. Vinva Investment Management Ltd’s holdings in United Parcel Service were worth $4,488,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $25,000. IFS Advisors LLC raised its stake in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. True Wealth Design LLC raised its stake in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in United Parcel Service during the 4th quarter valued at approximately $34,000. Finally, Hopwood Financial Services Inc. purchased a new stake in United Parcel Service during the 4th quarter valued at approximately $35,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $160.00 to $130.00 in a research note on Friday, January 31st. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Loop Capital reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research note on Wednesday, January 8th. Finally, Susquehanna cut their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Stock Performance

UPS opened at $117.42 on Thursday. The stock has a market cap of $100.30 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $120.49 and its 200 day simple moving average is $127.18. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 in the previous year, the firm posted $2.47 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 97.04%.

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.