Opinicus Capital Inc. Acquires Shares of 2,701 United Parcel Service, Inc. (NYSE:UPS)

Opinicus Capital Inc. acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, Holdings Channel reports. The firm acquired 2,701 shares of the transportation company’s stock, valued at approximately $425,000.

Other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management bought a new position in United Parcel Service during the third quarter valued at $25,000. Tennessee Valley Asset Management Partners bought a new position in United Parcel Service during the fourth quarter valued at $26,000. Life Planning Partners Inc bought a new position in United Parcel Service during the fourth quarter valued at $28,000. Bourgeon Capital Management LLC bought a new position in United Parcel Service during the fourth quarter valued at $31,000. Finally, VisionPoint Advisory Group LLC lifted its position in United Parcel Service by 69.5% during the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.1 %

Shares of NYSE:UPS traded up $0.20 during trading hours on Friday, hitting $147.59. The company’s stock had a trading volume of 2,607,558 shares, compared to its average volume of 3,897,331. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $125.84 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 1.69 and a beta of 1.05. The firm’s fifty day moving average price is $149.56 and its 200 day moving average price is $150.96.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the previous year, the business posted $2.20 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, research analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s payout ratio is presently 94.49%.

Insider Transactions at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UPS. Evercore ISI reissued an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Wednesday, April 3rd. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and increased their target price for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Barclays reduced their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $165.23.

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.