5,994 Shares in United Parcel Service, Inc. $UPS Purchased by Waddell & Associates LLC

Waddell & Associates LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 5,994 shares of the transportation company’s stock, valued at approximately $595,000.

Several other institutional investors have also bought and sold shares of the stock. Cerity Partners LLC lifted its holdings in United Parcel Service by 27.8% in the fourth quarter. Cerity Partners LLC now owns 521,361 shares of the transportation company’s stock worth $51,714,000 after purchasing an additional 113,365 shares during the period. Arizona PSPRS Trust acquired a new stake in United Parcel Service in the 4th quarter valued at about $863,000. Erste Asset Management GmbH lifted its holdings in United Parcel Service by 37.2% in the 4th quarter. Erste Asset Management GmbH now owns 6,909 shares of the transportation company’s stock valued at $689,000 after acquiring an additional 1,872 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in United Parcel Service by 192.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 155,593 shares of the transportation company’s stock valued at $15,433,000 after acquiring an additional 102,345 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in United Parcel Service in the 4th quarter valued at about $328,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UPS. Evercore cut their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Susquehanna upped their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. UBS Group cut their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Citigroup upped their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service Price Performance

UPS stock opened at $107.85 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The firm has a market capitalization of $91.68 billion, a PE ratio of 17.45, a P/E/G ratio of 1.71 and a beta of 1.05. The firm has a 50-day moving average of $102.65 and a two-hundred day moving average of $103.84.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 earnings per share. On average, analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio is currently 106.15%.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.