OFI Invest Asset Management Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

OFI Invest Asset Management acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 313 shares of the transportation company’s stock, valued at approximately $38,000.

Other large investors have also recently bought and sold shares of the company. IFS Advisors LLC raised its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. True Wealth Design LLC raised its position in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $34,000. FSA Wealth Management LLC bought a new stake in shares of United Parcel Service during the 3rd quarter valued at $36,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on UPS shares. Susquehanna dropped their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Robert W. Baird cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $160.00 to $130.00 in a research report on Friday, January 31st. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

United Parcel Service Stock Down 0.8 %

United Parcel Service stock opened at $120.67 on Tuesday. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The company’s 50-day moving average price is $121.64 and its two-hundred day moving average price is $127.72. The stock has a market cap of $103.07 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the firm earned $2.47 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.44%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

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.