Westpac Banking Corp Has $1.22 Million Stock Holdings in United Parcel Service, Inc. $UPS

Westpac Banking Corp grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 78.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,252 shares of the transportation company’s stock after purchasing an additional 5,390 shares during the quarter. Westpac Banking Corp’s holdings in United Parcel Service were worth $1,215,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Shrier Wealth Management LLC acquired a new position in shares of United Parcel Service in the fourth quarter worth approximately $1,099,000. Victory Capital Management Inc. grew its stake in United Parcel Service by 10.5% in the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after purchasing an additional 761,217 shares during the period. Jaffetilchin Investment Partners LLC grew its stake in United Parcel Service by 192.7% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after purchasing an additional 12,993 shares during the period. Integrity Advisory Solutions LLC purchased a new position in shares of United Parcel Service during the 3rd quarter valued at $6,868,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of United Parcel Service by 4.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 435,126 shares of the transportation company’s stock valued at $43,160,000 after buying an additional 16,764 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on UPS shares. UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Evercore reduced their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Susquehanna increased their price objective on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Citigroup raised their price target 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. Finally, Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Price Performance

Shares of UPS stock opened at $108.74 on Thursday. The firm has a market cap of $92.43 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.73 and a beta of 1.05. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The business’s 50 day moving average price is $101.74 and its 200-day moving average price is $103.43. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

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

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

United Parcel Service Profile

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.