O Shaughnessy Asset Management LLC Boosts Stock Position in United Parcel Service, Inc. $UPS

O Shaughnessy Asset Management LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 192.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 155,593 shares of the transportation company’s stock after purchasing an additional 102,345 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in United Parcel Service were worth $15,433,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UPS. Brighton Jones LLC boosted its stake in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of United Parcel Service in the second quarter worth about $277,000. SVB Wealth LLC purchased a new stake in shares of United Parcel Service in the second quarter worth about $848,000. Treasurer of the State of North Carolina boosted its stake in shares of United Parcel Service by 2.7% in the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after buying an additional 9,124 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after buying an additional 63,629 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $107.85 on Wednesday. The stock has a market capitalization of $91.68 billion, a P/E ratio of 17.45, a PEG ratio of 1.71 and a beta of 1.05. The business has a 50 day simple moving average of $102.65 and a two-hundred day simple moving average of $103.84. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

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

United Parcel Service Announces Dividend

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

Analysts Set New Price Targets

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

About United Parcel Service

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.