162,502 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Trexquant Investment LP

Trexquant Investment LP acquired a new position 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 (SEC). The firm acquired 162,502 shares of the transportation company's stock, valued at approximately $20,492,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service during the fourth quarter worth $26,000. IFS Advisors LLC raised its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after buying an additional 151 shares during the last quarter. True Wealth Design LLC lifted its holdings in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after buying an additional 171 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the fourth quarter valued at $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UPS shares. Raymond James dropped their price objective on United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating on the stock in a research note on Friday, January 31st. Wolfe Research raised United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on United Parcel Service from $128.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Loop Capital lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. 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 stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of "Moderate Buy" and a consensus target price of $135.83.

Remove Ads

United Parcel Service Stock Performance

UPS traded up $0.90 during trading hours on Wednesday, hitting $110.16. The stock had a trading volume of 4,509,181 shares, compared to its average volume of 4,670,319. The stock has a market cap of $94.10 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 1 year low of $107.41 and a 1 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. The company's fifty day simple moving average is $117.65 and its 200 day simple moving average is $126.15.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 prior year, the business earned $2.47 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared 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. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.

United Parcel Service 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.