Oxford Asset Management LLP Invests $382,000 in United Parcel Service, Inc. (NYSE:UPS)

Oxford Asset Management LLP bought a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,033 shares of the transportation company's stock, valued at approximately $382,000.

Several other hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the 4th quarter valued at about $26,000. IFS Advisors LLC increased its holdings in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the 4th quarter valued at about $30,000. Finally, Transce3nd LLC acquired a new position in shares of United Parcel Service during the 4th quarter valued at about $33,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of UPS stock traded down $1.02 during mid-day trading on Monday, reaching $96.89. The company's stock had a trading volume of 8,629,245 shares, compared to its average volume of 4,857,344. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42. The company has a market cap of $82.76 billion, a P/E ratio of 14.33, a PEG ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm's 50-day moving average is $108.22 and its two-hundred day moving average is $121.14.

United Parcel Service (NYSE:UPS - Get Free Report) last announced 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 period in the previous year, the business posted $2.47 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.77%. United Parcel Service's dividend payout ratio is presently 97.04%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. Loop Capital lowered their price objective on United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price on the stock. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Raymond James reduced their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group dropped their target price on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $126.41.

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.