22,470 Shares in United Parcel Service, Inc. $UPS Bought by Delphi Financial Group Inc.

Delphi Financial Group Inc. bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 22,470 shares of the transportation company’s stock, valued at approximately $2,229,000. United Parcel Service makes up about 1.1% of Delphi Financial Group Inc.’s investment portfolio, making the stock its 19th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Coston McIsaac & Partners increased its holdings in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC acquired a new position in United Parcel Service in the 4th quarter worth about $29,000. Elyxium Wealth LLC acquired a new position in United Parcel Service in the 4th quarter worth about $40,000. Activest Wealth Management increased its holdings in United Parcel Service by 144.3% in the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after purchasing an additional 241 shares in the last quarter. Finally, Optima Capital LLC acquired a new position in United Parcel Service in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UPS shares. Susquehanna upped their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Citigroup boosted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. UBS Group reduced their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Evercore reduced their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $108.65 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The stock has a market cap of $92.35 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.73 and a beta of 1.05. The company’s fifty day moving average is $102.18 and its 200 day moving average is $103.56.

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

United Parcel Service Dividend Announcement

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

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.