Fideuram Asset Management Ireland dac Takes Position in United Parcel Service, Inc. $UPS

Fideuram Asset Management Ireland dac purchased 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 purchased 10,670 shares of the transportation company’s stock, valued at approximately $1,058,000.

Several other large investors have also modified their holdings of the business. Westbourne Investments Inc. grew its position in shares of United Parcel Service by 1.2% in the fourth quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock valued at $781,000 after purchasing an additional 91 shares during the last quarter. Webster Bank N. A. grew its position in shares of United Parcel Service by 16.7% in the fourth quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 100 shares during the last quarter. Peoples Financial Services CORP. grew its position in shares of United Parcel Service by 2.5% in the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 100 shares during the last quarter. Argyle Capital Management LLC grew its position in shares of United Parcel Service by 0.4% in the fourth quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock valued at $2,728,000 after purchasing an additional 100 shares during the last quarter. Finally, Spurstone Advisory Services LLC grew its position in shares of United Parcel Service by 2.7% in the fourth quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock valued at $371,000 after purchasing an additional 100 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on UPS. Citigroup increased their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Susquehanna raised their target price on shares of 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 decreased their target price on shares of 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. UBS Group decreased their target price on shares of 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. Finally, Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Stock Up 0.2%

Shares of NYSE UPS opened at $106.85 on Friday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The firm’s 50 day moving average price is $101.02 and its 200 day moving average price is $103.08. The firm has a market cap of $90.82 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

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

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

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.