IFM Investors Pty Ltd Acquires 6,193 Shares of United Parcel Service, Inc. $UPS

IFM Investors Pty Ltd increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,132 shares of the transportation company’s stock after purchasing an additional 6,193 shares during the period. IFM Investors Pty Ltd’s holdings in United Parcel Service were worth $13,196,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in UPS. University of Texas Texas AM Investment Management Co. bought a new position in United Parcel Service during the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in United Parcel Service in the fourth quarter valued at approximately $25,000. Coston McIsaac & Partners lifted its position in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. Torren Management LLC purchased a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several analyst reports. Evercore decreased their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. UBS Group dropped their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Citigroup raised their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Susquehanna boosted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $110.85.

United Parcel Service Stock Performance

NYSE:UPS opened at $109.54 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The firm’s fifty day simple moving average is $104.71 and its 200 day simple moving average is $105.14. The stock has a market cap of $93.11 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period last year, the company posted $1.49 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

United Parcel Service Company 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.