United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Increased by Truvestments Capital LLC

Truvestments Capital LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,330 shares of the transportation company’s stock after acquiring an additional 1,038 shares during the quarter. Truvestments Capital LLC’s holdings in United Parcel Service were worth $2,816,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UPS. Raymond James Financial Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $393,680,000. Two Sigma Advisers LP raised its position in United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after acquiring an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp raised its position in United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after acquiring an additional 1,378,136 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares in the last quarter. Finally, Amundi raised its position in United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock valued at $1,272,600,000 after acquiring an additional 1,277,328 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a “hold” rating and a $119.00 price objective on the stock. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $160.00 to $130.00 in a report on Friday, January 31st. The Goldman Sachs Group decreased their target price 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. Citigroup decreased their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Raymond James decreased their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

United Parcel Service Trading Down 3.5 %

Shares of United Parcel Service stock opened at $116.35 on Wednesday. United Parcel Service, Inc. has a 12-month low of $109.40 and a 12-month high of $158.95. The stock has a market cap of $99.38 billion, a P/E ratio of 17.21, 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. The business’s 50 day moving average is $121.45 and its 200-day moving average is $127.64.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the company posted $2.47 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

United Parcel Service Company Profile

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.