United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Interval Partners LP

Interval Partners LP raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 272.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659,469 shares of the transportation company’s stock after buying an additional 482,431 shares during the period. United Parcel Service comprises about 1.6% of Interval Partners LP’s holdings, making the stock its 12th largest position. Interval Partners LP owned 0.08% of United Parcel Service worth $83,159,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at about $26,000. IFS Advisors LLC boosted its position in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service during the 4th quarter worth approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth approximately $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UPS shares. Morgan Stanley lowered their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Bank of America lowered their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Barclays decreased their target price on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday, March 31st. Raymond James dropped their price target on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group decreased their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Price Performance

United Parcel Service stock opened at $95.92 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm’s 50-day simple moving average is $104.28 and its 200 day simple moving average is $118.84. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $153.42. The firm has a market capitalization of $81.93 billion, a PE ratio of 14.19, a P/E/G ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the business earned $1.43 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.84%. United Parcel Service’s dividend payout ratio is currently 95.63%.

About United Parcel Service

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.