United Parcel Service, Inc. (NYSE:UPS) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,870 shares of the transportation company’s stock after acquiring an additional 3,003 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in United Parcel Service were worth $6,966,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC lifted its holdings in shares of United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after purchasing an additional 44,721 shares during the last quarter. CapWealth Advisors LLC lifted its holdings in shares of United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after purchasing an additional 686 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of United Parcel Service by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after purchasing an additional 200,297 shares during the last quarter. KLCM Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $2,410,000. Finally, United Services Automobile Association raised its stake in United Parcel Service by 235.3% during the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock valued at $37,316,000 after acquiring an additional 166,557 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.7 %

Shares of UPS stock traded up $0.85 on Wednesday, reaching $128.53. 11,631,190 shares of the company’s stock traded hands, compared to its average volume of 4,178,503. United Parcel Service, Inc. has a 12-month low of $124.80 and a 12-month high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market capitalization of $109.97 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98. The business’s 50 day moving average price is $138.89 and its two-hundred day moving average price is $146.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the firm posted $2.54 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service, Inc. will post 8.15 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Oppenheimer cut their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Robert W. Baird dropped their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday. BMO Capital Markets dropped their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $154.95.

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.