Boussard & Gavaudan Investment Management LLP Makes New $18.17 Million Investment in United Parcel Service, Inc. (NYSE:UPS)

Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 145,000 shares of the transportation company's stock, valued at approximately $18,171,000. United Parcel Service accounts for approximately 1.5% of Boussard & Gavaudan Investment Management LLP's investment portfolio, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fisher Asset Management LLC grew its stake in shares of United Parcel Service by 5.0% during the 3rd quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company's stock valued at $16,916,000 after acquiring an additional 5,956 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in United Parcel Service by 3.1% during the third quarter. The Manufacturers Life Insurance Company now owns 586,735 shares of the transportation company's stock valued at $79,995,000 after purchasing an additional 17,378 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of United Parcel Service by 7.0% in the third quarter. Townsquare Capital LLC now owns 82,858 shares of the transportation company's stock worth $11,297,000 after purchasing an additional 5,444 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of United Parcel Service by 23.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 14,532 shares of the transportation company's stock valued at $1,981,000 after purchasing an additional 2,720 shares during the period. Finally, Providence Capital Advisors LLC lifted its stake in shares of United Parcel Service by 27.7% during the 3rd quarter. Providence Capital Advisors LLC now owns 25,795 shares of the transportation company's stock valued at $3,517,000 after buying an additional 5,597 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

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United Parcel Service Trading Up 0.2 %

NYSE:UPS traded up $0.18 during midday trading on Monday, hitting $109.84. The stock had a trading volume of 1,704,078 shares, compared to its average volume of 4,650,146. The stock has a 50-day moving average of $118.52 and a 200 day moving average of $126.40. The company has a market capitalization of $93.82 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a one year low of $108.34 and a one year high of $154.29. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the firm earned $2.47 EPS. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $1.64 per share. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio is 97.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Susquehanna cut their price target on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 price target for the company. UBS Group reduced their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and an average price target of $136.26.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.