Parvin Asset Management LLC Takes $507,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Parvin Asset Management LLC acquired 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 acquired 4,020 shares of the transportation company's stock, valued at approximately $507,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in United Parcel Service by 4.3% during the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $461,000. Synovus Financial Corp boosted its stake in United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock worth $11,934,000 after buying an additional 6,941 shares during the last quarter. HF Advisory Group LLC purchased a new stake in United Parcel Service in the 4th quarter valued at $1,305,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after acquiring an additional 28,108 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $160.00 to $130.00 in a report on Friday, January 31st. Evercore ISI lifted 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. UBS Group lowered their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. BMO Capital Markets lowered their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, StockNews.com downgraded United Parcel Service from a "buy" rating to a "hold" rating in a report on Monday. Two equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $120.87.

United Parcel Service Trading Up 1.8 %

Shares of UPS traded up $1.73 during mid-day trading on Friday, reaching $96.33. The company had a trading volume of 5,686,037 shares, compared to its average volume of 4,948,831. The stock has a market cap of $82.28 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a fifty day simple moving average of $106.98 and a 200-day simple moving average of $120.52. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The company 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 39.13% and a net margin of 6.35%. The business's revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

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