Assenagon Asset Management S.A. Has $106.28 Million Stake in United Parcel Service, Inc. $UPS

Assenagon Asset Management S.A. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 155.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,071,487 shares of the transportation company’s stock after buying an additional 652,750 shares during the quarter. Assenagon Asset Management S.A.’s holdings in United Parcel Service were worth $106,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of United Parcel Service during the second quarter worth about $277,000. SVB Wealth LLC bought a new stake in shares of United Parcel Service during the second quarter worth about $848,000. AlphaCore Capital LLC increased its stake in shares of United Parcel Service by 160.9% in the second quarter. AlphaCore Capital LLC now owns 1,156 shares of the transportation company’s stock valued at $117,000 after buying an additional 713 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of United Parcel Service by 10.9% in the second quarter. Prudential Financial Inc. now owns 595,063 shares of the transportation company’s stock valued at $60,066,000 after buying an additional 58,626 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on UPS shares. Stifel Nicolaus lifted their target price on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Susquehanna upped their price target on shares of United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Truist Financial lifted their price target on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. BMO Capital Markets boosted their price objective on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $97.76 on Tuesday. The company has a market capitalization of $83.01 billion, a PE ratio of 14.90, a P/E/G ratio of 1.51 and a beta of 1.08. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The firm has a fifty day simple moving average of $108.98 and a 200 day simple moving average of $98.48.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.7%. United Parcel Service’s dividend payout ratio is presently 100.00%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Profile

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.