Pacer Advisors Inc. Purchases 2,710,470 Shares of United Parcel Service, Inc. $UPS

Pacer Advisors Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS) by 507.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,244,234 shares of the transportation company’s stock after purchasing an additional 2,710,470 shares during the quarter. Pacer Advisors Inc.’s holdings in United Parcel Service were worth $321,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in United Parcel Service in the fourth quarter worth $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $25,000. Coston McIsaac & Partners boosted its holdings in shares of United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $29,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. UBS Group lowered 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 research 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 report on Friday, May 8th. Evercore decreased their target price on shares of 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. Citigroup lifted their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Susquehanna boosted their price target on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $105.29 on Friday. The business has a fifty day moving average price of $104.00 and a 200-day moving average price of $104.47. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $89.50 billion, a PE ratio of 17.04, a PEG ratio of 1.67 and a beta of 1.05. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41.

United Parcel Service (NYSE:UPS) last announced its quarterly 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. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the business posted $1.49 EPS. United Parcel Service’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio is currently 106.15%.

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.