Raiffeisen Bank International AG Buys 208,960 Shares of United Parcel Service, Inc. $UPS

Raiffeisen Bank International AG raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 6,093.9% in the fourth quarter, Holdings Channel reports. The fund owned 212,389 shares of the transportation company’s stock after acquiring an additional 208,960 shares during the period. Raiffeisen Bank International AG’s holdings in United Parcel Service were worth $21,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Coston McIsaac & Partners raised its holdings in shares of United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Torren Management LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at about $29,000. Winch Advisory Services LLC raised its holdings in shares of United Parcel Service by 37.3% in the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after buying an additional 124 shares during the last quarter. Activest Wealth Management raised its holdings in shares of United Parcel Service by 144.3% in the fourth quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock valued at $40,000 after buying an additional 241 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at about $40,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 5.2%

Shares of United Parcel Service stock opened at $108.65 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The stock has a market cap of $92.35 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average is $103.03 and its 200-day moving average is $104.03.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is currently 106.15%.

Analyst Upgrades and Downgrades

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

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.