Vivaldi Capital Management LP Purchases New Position in United Parcel Service, Inc. (NYSE:UPS)

Vivaldi Capital Management LP purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 103,541 shares of the transportation company's stock, valued at approximately $14,097,000. United Parcel Service accounts for 2.1% of Vivaldi Capital Management LP's holdings, making the stock its 11th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. WBI Investments LLC lifted its position in United Parcel Service by 16.6% in the 4th quarter. WBI Investments LLC now owns 24,389 shares of the transportation company's stock valued at $3,075,000 after acquiring an additional 3,467 shares in the last quarter. Texas Bank & Trust Co bought a new stake in United Parcel Service in the 4th quarter valued at $1,359,000. Tidal Investments LLC lifted its position in United Parcel Service by 56.1% in the 4th quarter. Tidal Investments LLC now owns 53,482 shares of the transportation company's stock valued at $6,744,000 after acquiring an additional 19,227 shares in the last quarter. Teza Capital Management LLC bought a new stake in United Parcel Service in the 4th quarter valued at $1,433,000. Finally, TrinityPoint Wealth LLC lifted its position in United Parcel Service by 7.1% in the 4th quarter. TrinityPoint Wealth LLC now owns 5,687 shares of the transportation company's stock valued at $717,000 after acquiring an additional 376 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on UPS shares. HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research report on Thursday, May 1st. BMO Capital Markets cut their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Wolfe Research cut their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group cut their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and a consensus target price of $120.26.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $1.62 during trading on Wednesday, hitting $95.93. 5,293,106 shares of the stock were exchanged, compared to its average volume of 5,119,514. The stock has a market capitalization of $81.94 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a fifty day moving average price of $101.68 and a 200-day moving average price of $117.11. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. United Parcel Service's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.84%. 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.