United Parcel Service, Inc. (NYSE:UPS) Position Raised by Value Partners Investments Inc.

Value Partners Investments Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1,114.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 575,334 shares of the transportation company's stock after purchasing an additional 527,956 shares during the period. United Parcel Service comprises approximately 5.5% of Value Partners Investments Inc.'s investment portfolio, making the stock its 4th largest holding. Value Partners Investments Inc. owned 0.07% of United Parcel Service worth $63,351,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of UPS. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UPS shares. Galvan Research reduced their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Barclays reduced their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. Loop Capital reduced their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research note on Thursday, May 1st. Finally, Citigroup reduced their price objective on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $120.26.

United Parcel Service Trading Down 1.1%

UPS opened at $99.50 on Thursday. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The stock has a market capitalization of $84.26 billion, a PE ratio of 14.50, a P/E/G ratio of 1.77 and a beta of 1.22. The business's 50 day moving average price is $98.00 and its 200 day moving average price is $111.09. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company's revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

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.

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