Point72 Asset Management L.P. Invests $75.63 Million in United Parcel Service, Inc. (NYSE:UPS)

Point72 Asset Management L.P. purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 599,759 shares of the transportation company's stock, valued at approximately $75,630,000. Point72 Asset Management L.P. owned about 0.07% of United Parcel Service as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of UPS. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $26,000. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after acquiring an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $31,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $100.26 on Friday. 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 company's 50-day moving average price is $102.66 and its two-hundred day moving average price is $117.95. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $150.03. The stock has a market cap of $85.64 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $21.25 billion. During the same period in the previous year, the business earned $1.43 earnings per share. United Parcel Service's revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.54%. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UPS. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Morgan Stanley reduced their price objective on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $120.87.

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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