Oxford Asset Management LLP Takes Position in United Parcel Service, Inc. (NYSE:UPS)

Oxford Asset Management LLP purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,033 shares of the transportation company’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stonebridge Capital Advisors LLC boosted its stake in shares of United Parcel Service by 1.8% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 81,329 shares of the transportation company’s stock valued at $10,256,000 after purchasing an additional 1,423 shares during the period. Hancock Whitney Corp lifted its holdings in United Parcel Service by 29.5% in the 4th quarter. Hancock Whitney Corp now owns 3,074 shares of the transportation company’s stock worth $388,000 after buying an additional 700 shares in the last quarter. Empire Financial Management Company LLC purchased a new position in United Parcel Service in the 4th quarter valued at about $1,426,000. Integrated Wealth Concepts LLC grew its stake in shares of United Parcel Service by 10.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 53,093 shares of the transportation company’s stock valued at $6,695,000 after acquiring an additional 4,897 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of United Parcel Service by 67.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 50,740 shares of the transportation company’s stock valued at $6,351,000 after acquiring an additional 20,440 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of UPS opened at $97.86 on Friday. 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 company has a market cap of $83.59 billion, a P/E ratio of 14.48, a PEG ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. The stock has a fifty day moving average price of $108.58 and a 200 day moving average price of $121.48.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 in the previous year, the firm posted $2.47 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.70%. United Parcel Service’s payout ratio is currently 97.04%.

Analysts Set New Price Targets

UPS has been the topic of several recent analyst reports. Wolfe Research cut their price target on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group cut their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Loop Capital decreased their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Finally, Citigroup reduced their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $126.41.

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.