Slow Capital Inc. Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

Slow Capital Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,357 shares of the transportation company’s stock after purchasing an additional 134 shares during the period. Slow Capital Inc.’s holdings in United Parcel Service were worth $1,943,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Prosperity Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $228,000. Tyche Wealth Partners LLC bought a new position in United Parcel Service during the fourth quarter valued at approximately $944,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in United Parcel Service by 4.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 232,459 shares of the transportation company’s stock valued at $36,550,000 after buying an additional 9,200 shares during the last quarter. Everence Capital Management Inc. boosted its stake in United Parcel Service by 2.7% during the fourth quarter. Everence Capital Management Inc. now owns 28,870 shares of the transportation company’s stock valued at $4,539,000 after buying an additional 755 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC lifted its stake in shares of United Parcel Service by 13.9% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 4,799 shares of the transportation company’s stock valued at $755,000 after purchasing an additional 586 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 1.4 %

UPS traded down $1.96 during trading on Wednesday, hitting $142.89. The company’s stock had a trading volume of 4,197,107 shares, compared to its average volume of 4,529,379. United Parcel Service, Inc. has a twelve month low of $133.68 and a twelve month high of $197.80. The firm’s 50 day moving average price is $149.75 and its 200-day moving average price is $151.40. The stock has a market cap of $121.84 billion, a PE ratio of 18.34, a PEG ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. During the same period in the previous year, the company earned $3.62 EPS. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, analysts expect that United Parcel Service, Inc. will post 8.2 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.56%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is 83.70%.

Analyst Ratings Changes

Several research firms have recently issued reports on UPS. Daiwa Capital Markets lowered United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a research note on Tuesday, December 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $153.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Stifel Nicolaus lowered their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. TD Cowen reduced their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $165.61.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

United Parcel Service 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.