UniSuper Management Pty Ltd Purchases 12,739 Shares of United Parcel Service, Inc. $UPS

UniSuper Management Pty Ltd raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 24.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 65,200 shares of the transportation company’s stock after purchasing an additional 12,739 shares during the quarter. UniSuper Management Pty Ltd’s holdings in United Parcel Service were worth $5,446,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UPS. Hunter Associates Investment Management LLC grew its holdings in shares of United Parcel Service by 9.8% in the third quarter. Hunter Associates Investment Management LLC now owns 7,456 shares of the transportation company’s stock valued at $623,000 after purchasing an additional 666 shares in the last quarter. Gibbs Wealth Management raised its stake in United Parcel Service by 3.5% during the third quarter. Gibbs Wealth Management now owns 3,774 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 128 shares in the last quarter. TrueMark Investments LLC lifted its position in United Parcel Service by 7.6% during the third quarter. TrueMark Investments LLC now owns 16,177 shares of the transportation company’s stock valued at $1,351,000 after purchasing an additional 1,140 shares during the last quarter. Strs Ohio grew its stake in shares of United Parcel Service by 29.8% in the 3rd quarter. Strs Ohio now owns 492,025 shares of the transportation company’s stock worth $41,099,000 after buying an additional 112,911 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of United Parcel Service in the 3rd quarter worth about $302,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of UPS stock opened at $108.02 on Monday. The stock has a 50 day moving average price of $100.47 and a 200 day moving average price of $93.33. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $91.65 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.33 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion for the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the prior year, the company posted $1.76 EPS. United Parcel Service’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Analyst Ratings Changes

A number of brokerages recently commented on UPS. JPMorgan Chase & Co. increased their price target on shares of United Parcel Service from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. BNP Paribas Exane lowered United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target on the stock. in a report on Tuesday, January 13th. Finally, Sanford C. Bernstein raised their price target on United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.84.

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.