Eurizon Capital SGR S.p.A. Acquires New Shares in United Parcel Service, Inc. $UPS

Eurizon Capital SGR S.p.A. acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 126,217 shares of the transportation company’s stock, valued at approximately $12,522,000.

A number of other hedge funds have also bought and sold shares of UPS. Coston McIsaac & Partners grew its stake in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC purchased a new position in United Parcel Service in the 4th quarter valued at approximately $29,000. Physician Wealth Advisors Inc. grew its stake in United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after buying an additional 163 shares in the last quarter. Winch Advisory Services LLC grew its stake in United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after buying an additional 124 shares in the last quarter. Finally, Activest Wealth Management grew its stake in United Parcel Service by 144.3% in the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock valued at $40,000 after buying an additional 241 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

NYSE UPS opened at $106.85 on Monday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $90.82 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.70 and a beta of 1.05. The company has a fifty day moving average of $101.02 and a 200-day moving average of $103.15.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm posted $1.49 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s payout ratio is currently 106.15%.

Analysts Set New Price Targets

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

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.