Capital World Investors Acquires 6,925 Shares of United Parcel Service, Inc. $UPS

Capital World Investors boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,943,264 shares of the transportation company’s stock after purchasing an additional 6,925 shares during the period. Capital World Investors’ holdings in United Parcel Service were worth $192,752,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Shrier Wealth Management LLC bought a new position in United Parcel Service during the 4th quarter valued at about $1,099,000. Victory Capital Management Inc. grew its holdings in United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after purchasing an additional 761,217 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in United Parcel Service by 192.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after purchasing an additional 12,993 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in United Parcel Service by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock valued at $450,495,000 after purchasing an additional 65,652 shares during the last quarter. Finally, Integrity Advisory Solutions LLC bought a new position in United Parcel Service during the 3rd quarter valued at about $6,868,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.7%

Shares of NYSE UPS opened at $107.75 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The business has a fifty day simple moving average of $102.39 and a two-hundred day simple moving average of $103.73. The firm has a market cap of $91.59 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. Analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UPS. UBS Group cut their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Evercore cut their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Susquehanna boosted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Citigroup boosted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $111.50.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.