59,457 Shares in United Parcel Service, Inc. $UPS Purchased by Opal Capital LLC

Key Points

• Opal Capital LLC opened a new position in UPS during the fourth quarter, buying 59,457 shares worth about $5.9 million. The stake makes UPS about 1.5% of the fund’s portfolio.
• Institutional ownership of UPS remains high, with hedge funds and asset managers holding 60.26% of the company. Several large investors, including Vanguard, State Street, and Charles Schwab, also increased their positions.
• UPS reported better-than-expected quarterly earnings of $1.07 per share on revenue of $21.20 billion, and it continues to pay a sizable dividend. The quarterly payout was $1.64 per share, annualizing to a 6.0% yield.

Opal Capital LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 59,457 shares of the transportation company's stock, valued at approximately $5,904,000. United Parcel Service makes up approximately 1.5% of Opal Capital LLC's portfolio, making the stock its 25th largest position.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in United Parcel Service by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company's stock valued at $6,794,160,000 after purchasing an additional 1,218,432 shares in the last quarter. State Street Corp raised its position in United Parcel Service by 3.3% in the 4th quarter. State Street Corp now owns 32,092,627 shares of the transportation company's stock valued at $3,183,268,000 after purchasing an additional 1,029,377 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company's stock valued at $2,692,290,000 after purchasing an additional 856,125 shares in the last quarter. Geode Capital Management LLC raised its position in United Parcel Service by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company's stock valued at $1,703,291,000 after purchasing an additional 240,253 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in United Parcel Service by 72.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company's stock valued at $1,370,639,000 after purchasing an additional 5,826,824 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UPS. Citigroup increased their price target on United Parcel Service from $118.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Weiss Ratings lowered United Parcel Service from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, May 8th. Evercore reduced their price target on United Parcel Service from $115.00 to $113.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 22nd. UBS Group reduced their price target on United Parcel Service from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. Finally, Susquehanna increased their price target on United Parcel Service from $116.00 to $118.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $111.50.

United Parcel Service Trading Up 1.2%

NYSE:UPS opened at $110.15 on Wednesday. The stock's 50 day moving average price is $103.68 and its 200 day moving average price is $104.33. The company has a market capitalization of $93.63 billion, a PE ratio of 17.82, a P/E/G ratio of 1.73 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion for 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 EPS. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Monday, May 18th. United Parcel Service's dividend payout ratio (DPR) is currently 106.15%.

United Parcel Service Company Profile

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.

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