Point72 Asia Singapore Pte. Ltd. Invests $1.94 Million in United Parcel Service, Inc. (NYSE:UPS)

Point72 Asia Singapore Pte. Ltd. bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 15,385 shares of the transportation company's stock, valued at approximately $1,940,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fiduciary Alliance LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $325,000. Wedmont Private Capital boosted its position in shares of United Parcel Service by 30.2% in the 4th quarter. Wedmont Private Capital now owns 3,133 shares of the transportation company's stock valued at $386,000 after purchasing an additional 726 shares during the period. FNY Investment Advisers LLC purchased a new position in United Parcel Service during the 4th quarter worth approximately $130,000. Breakwater Capital Group grew its stake in United Parcel Service by 7.5% during the 4th quarter. Breakwater Capital Group now owns 2,380 shares of the transportation company's stock worth $300,000 after buying an additional 166 shares during the last quarter. Finally, Wynn Capital LLC increased its position in United Parcel Service by 33.9% during the fourth quarter. Wynn Capital LLC now owns 2,324 shares of the transportation company's stock worth $293,000 after buying an additional 589 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UPS. Wells Fargo & Company restated an "equal weight" rating and set a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. StockNews.com downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Evercore ISI upped their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a report on Wednesday, January 22nd. Raymond James decreased their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Finally, Galvan Research dropped their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average price target of $120.87.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $99.54 on Thursday. 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, Inc. has a one year low of $90.55 and a one year high of $150.03. The business's fifty day moving average price is $103.07 and its two-hundred day moving average price is $118.19. The stock has a market cap of $85.02 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The firm 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 firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. On average, analysts forecast 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 given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio is presently 95.63%.

About United Parcel Service

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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