Quantinno Capital Management LP Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Quantinno Capital Management LP boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,283 shares of the transportation company’s stock after acquiring an additional 9,550 shares during the quarter. Quantinno Capital Management LP’s holdings in United Parcel Service were worth $9,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UPS. Wedmont Private Capital boosted its stake in shares of United Parcel Service by 30.2% in the 4th 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 boosted its stake in shares of United Parcel Service by 22.3% in the 4th 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 boosted its stake in shares of United Parcel Service by 2.9% in the 4th 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 purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $353,000. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of United Parcel Service by 41.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 13,767 shares of the transportation company’s stock valued at $1,736,000 after buying an additional 4,021 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UPS shares. Baird R W cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Hsbc Global Res cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Oppenheimer decreased 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. UBS Group decreased their target price on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a research note on Friday, March 7th. They set a “hold” rating and a $119.00 target price for the company. Two 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $120.87.

United Parcel Service Trading Up 0.6%

NYSE:UPS opened at $100.26 on Friday. The firm has a market cap of $85.64 billion, a P/E ratio of 14.83, a PEG ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock’s 50 day simple moving average is $102.66 and its 200-day simple moving average is $117.95. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $150.03.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service’s payout ratio is currently 95.63%.

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.