Brevan Howard Capital Management LP Grows Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Brevan Howard Capital Management LP grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1,242.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,116 shares of the transportation company's stock after purchasing an additional 43,607 shares during the quarter. Brevan Howard Capital Management LP's holdings in United Parcel Service were worth $5,941,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pacific Sage Partners LLC raised its holdings in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock valued at $212,000 after buying an additional 77 shares during the last quarter. Quent Capital LLC raised its position in shares of United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after acquiring an additional 80 shares in the last quarter. Gleason Group Inc. lifted its position in United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock valued at $840,000 after buying an additional 84 shares during the period. Altus Wealth Group LLC grew its holdings in United Parcel Service by 4.6% in the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after purchasing an additional 89 shares during the period. Finally, Empirical Asset Management LLC increased its position in United Parcel Service by 0.8% during the 4th quarter. Empirical Asset Management LLC now owns 12,036 shares of the transportation company's stock valued at $1,518,000 after buying an additional 93 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on UPS shares. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a report on Thursday. Finally, Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a report on Wednesday, January 22nd. Two 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $120.87.

United Parcel Service Stock Performance

Shares of UPS opened at $96.33 on Monday. The stock has a market capitalization of $82.28 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42. The business's fifty day moving average price is $106.54 and its 200 day moving average price is $120.05. 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 (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating 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 company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company earned $1.43 earnings per share. The company's quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.81%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio is 95.63%.

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.

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