Gotham Asset Management LLC Has $6.40 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Gotham Asset Management LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 103.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 50,757 shares of the transportation company’s stock after purchasing an additional 25,861 shares during the quarter. Gotham Asset Management LLC’s holdings in United Parcel Service were worth $6,400,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the fourth quarter worth $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service during the fourth quarter worth $26,000. IFS Advisors LLC raised 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 worth $27,000 after acquiring an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

United Parcel Service stock opened at $99.80 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42. The stock has a market cap of $85.25 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 1.55 and a beta of 1.23. The business’s 50-day simple moving average is $103.51 and its 200 day simple moving average is $118.32.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter last year, the business earned $1.43 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Galvan Research dropped their price objective on United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. HSBC lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Thursday, May 1st. Oppenheimer lowered their target price on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Finally, Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $120.87.

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.