297,480 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by J. Goldman & Co LP

J. Goldman & Co LP bought a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 297,480 shares of the transportation company's stock, valued at approximately $37,512,000. United Parcel Service comprises 1.0% of J. Goldman & Co LP's holdings, making the stock its 19th biggest position.

Several other hedge funds have also recently made changes to their positions in UPS. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at about $26,000. IFS Advisors LLC boosted its position in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after acquiring an additional 151 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service during the fourth quarter valued at approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in United Parcel Service during the 4th quarter worth approximately $31,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on UPS shares. Evercore ISI boosted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research report on Wednesday, January 22nd. Morgan Stanley decreased their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $160.00 to $130.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Bank of America dropped their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given 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 a consensus rating of "Hold" and a consensus price target of $120.87.

United Parcel Service Trading Down 1.4%

Shares of United Parcel Service stock traded down $1.41 during midday trading on Tuesday, reaching $99.80. 1,174,989 shares of the company's stock traded hands, compared to its average volume of 6,410,231. The stock has a 50 day moving average of $103.92 and a 200-day moving average of $118.45. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. The company has a market cap of $85.25 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

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

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date is Monday, May 19th. United Parcel Service's payout ratio is presently 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.