United Parcel Service, Inc. $UPS Shares Acquired by Everstar Asset Management LLC

Everstar Asset Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 184.1% during the first quarter, Holdings Channel reports. The firm owned 10,796 shares of the transportation company’s stock after purchasing an additional 6,996 shares during the quarter. Everstar Asset Management LLC’s holdings in United Parcel Service were worth $1,062,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $277,000. SVB Wealth LLC purchased a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $848,000. Treasurer of the State of North Carolina boosted its stake in United Parcel Service by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after purchasing an additional 9,124 shares during the period. Finally, Ieq Capital LLC boosted its stake in United Parcel Service by 154.5% in the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after purchasing an additional 63,629 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

UPS stock opened at $105.29 on Monday. The firm has a 50 day simple moving average of $104.09 and a 200 day simple moving average of $104.54. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The stock has a market cap of $89.50 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Monday, May 18th. United Parcel Service’s payout ratio is currently 106.15%.

Analyst Ratings Changes

Several research firms have weighed in on UPS. Susquehanna lifted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. UBS Group reduced their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Evercore decreased their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Citigroup lifted their price target on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $111.50.

About United Parcel Service

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.