Point72 Asset Management L.P. Purchases New Shares in United Parcel Service, Inc. (NYSE:UPS)

Point72 Asset Management L.P. purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, HoldingsChannel reports. The fund purchased 599,759 shares of the transportation company’s stock, valued at approximately $75,630,000.

Several other hedge funds have also made changes to their positions in UPS. Wedmont Private Capital raised its position in United Parcel Service by 30.2% during the fourth quarter. Wedmont Private Capital now owns 3,133 shares of the transportation company’s stock valued at $386,000 after buying an additional 726 shares during the period. Accurate Wealth Management LLC raised its position in United Parcel Service by 22.3% during the fourth quarter. Accurate Wealth Management LLC now owns 3,988 shares of the transportation company’s stock valued at $492,000 after buying an additional 727 shares during the period. SeaCrest Wealth Management LLC raised its position in United Parcel Service by 2.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 5,393 shares of the transportation company’s stock valued at $680,000 after buying an additional 150 shares during the period. Pines Wealth Management LLC acquired a new position in United Parcel Service during the fourth quarter valued at $353,000. Finally, Fifth Third Wealth Advisors LLC grew its position in United Parcel Service by 41.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 13,767 shares of the transportation company’s stock valued at $1,736,000 after purchasing an additional 4,021 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.6%

United Parcel Service stock opened at $100.26 on Friday. The firm has a market cap of $85.64 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $150.03. The firm has a fifty day moving average price of $102.66 and a two-hundred day moving average price of $117.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. As a group, analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.54%. United Parcel Service’s dividend payout ratio is 95.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Galvan Research lowered their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group reduced their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Barclays reduced their price objective on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research report on Monday, March 31st. Finally, Stifel Nicolaus reduced their price objective on United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $120.87.

United Parcel Service 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.