Sunpointe LLC Buys New Position in United Parcel Service, Inc. (NYSE:UPS)

Sunpointe LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,507 shares of the transportation company’s stock, valued at approximately $394,000.

Several other institutional investors have also added to or reduced their stakes in UPS. International Assets Investment Management LLC boosted its holdings in United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares during the last quarter. Norges Bank bought a new stake in United Parcel Service in the fourth quarter valued at approximately $1,128,322,000. Wellington Management Group LLP lifted its stake in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after buying an additional 2,331,875 shares during the period. First Trust Advisors LP lifted its stake in United Parcel Service by 208.1% in the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after buying an additional 1,160,005 shares during the period. Finally, Franklin Resources Inc. lifted its stake in United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

NYSE:UPS traded up $0.76 during trading on Friday, reaching $135.65. The company’s stock had a trading volume of 3,420,597 shares, compared to its average volume of 3,981,243. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The firm has a market cap of $116.06 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01. United Parcel Service, Inc. has a 12 month low of $132.90 and a 12 month high of $192.98. The firm has a 50 day moving average of $143.62 and a 200-day moving average of $149.87.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 EPS. Research analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. United Parcel Service’s payout ratio is 94.49%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UPS. Deutsche Bank Aktiengesellschaft dropped their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Oppenheimer boosted their price target on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $170.00 in a research note on Friday, February 16th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Finally, BMO Capital Markets upped their target price on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $164.95.

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.