Interval Partners LP Makes New Investment in United Parcel Service, Inc. $UPS

Interval Partners LP purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 158,105 shares of the transportation company’s stock, valued at approximately $15,682,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of United Parcel Service by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock worth $6,794,160,000 after acquiring an additional 1,218,432 shares in the last quarter. State Street Corp lifted its position in United Parcel Service by 3.3% during the 4th quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock worth $3,183,268,000 after acquiring an additional 1,029,377 shares during the period. Charles Schwab Investment Management Inc. lifted its position in United Parcel Service by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock worth $2,692,290,000 after acquiring an additional 856,125 shares during the period. Geode Capital Management LLC lifted its position in United Parcel Service by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock worth $1,703,291,000 after acquiring an additional 240,253 shares during the period. Finally, Victory Capital Management Inc. lifted its position in United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after acquiring an additional 5,826,824 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

United Parcel Service Stock Performance

Shares of UPS stock opened at $105.15 on Thursday. The company has a market cap of $89.38 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.75 and a beta of 1.05. The stock has a 50 day simple moving average of $103.84 and a 200-day simple moving average of $104.40. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during 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 company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 EPS. On average, equities analysts forecast 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 was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is 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.