LSV Asset Management Makes New Investment in United Parcel Service, Inc. $UPS

LSV Asset Management purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, Holdings Channel reports. The firm purchased 7,000 shares of the transportation company’s stock, valued at approximately $694,000.

A number of other hedge funds also recently bought and sold shares of the business. Coston McIsaac & Partners lifted its position in shares of United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. Torren Management LLC purchased a new position in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Physician Wealth Advisors Inc. lifted its position in shares of United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of United Parcel Service in the fourth quarter valued at approximately $40,000. Finally, Activest Wealth Management lifted its position in shares of United Parcel Service by 144.3% in the fourth quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $104.43 on Thursday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The company has a market cap of $88.77 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.62 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. The business’s 50 day moving average price is $100.64 and its 200 day moving average price is $102.98.

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

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.3%. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Analysts Set New Price Targets

Several research firms have recently weighed in on UPS. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. BMO Capital Markets raised their target price on United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Stephens raised their target price on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Jefferies Financial Group lifted their price objective on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Citigroup lifted their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $111.50.

About United Parcel Service

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.