Pinebridge Investments LLC Invests $9.32 Million in United Parcel Service, Inc. $UPS

Pinebridge Investments LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 94,002 shares of the transportation company’s stock, valued at approximately $9,324,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FLC Capital Advisors increased its holdings in shares of United Parcel Service by 3.9% during the 4th quarter. FLC Capital Advisors now owns 20,747 shares of the transportation company’s stock worth $2,058,000 after buying an additional 771 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of United Parcel Service by 20.1% during the 4th quarter. Parallel Advisors LLC now owns 20,440 shares of the transportation company’s stock worth $2,027,000 after buying an additional 3,425 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $634,000. Compass Rose Asset Management LP acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $10,316,000. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of United Parcel Service by 7.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 5,716 shares of the transportation company’s stock worth $567,000 after buying an additional 385 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $108.65 on Friday. 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 stock has a market capitalization of $92.35 billion, a P/E ratio of 17.58, a PEG ratio of 1.73 and a beta of 1.05. The company has a 50 day moving average price of $102.18 and a 200 day moving average price of $103.56. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41.

United Parcel Service (NYSE:UPS) last posted 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 during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UPS. Susquehanna raised their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. UBS Group cut their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Citigroup raised their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Evercore lowered their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $111.50.

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.