United Parcel Service, Inc. $UPS Shares Bought by Diamant Asset Management Inc.

Diamant Asset Management Inc. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 11,667.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 360,071 shares of the transportation company’s stock after purchasing an additional 357,011 shares during the quarter. Diamant Asset Management Inc.’s holdings in United Parcel Service were worth $36,007,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in United Parcel Service in the 4th quarter worth about $902,446,000. Victory Capital Management Inc. increased its stake in shares of United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after acquiring an additional 5,826,824 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of United Parcel Service by 175.7% during the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock valued at $515,801,000 after acquiring an additional 3,314,166 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of United Parcel Service by 507.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock worth $321,796,000 after acquiring an additional 2,710,470 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of United Parcel Service in the fourth quarter worth approximately $181,951,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS opened at $108.22 on Friday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a 50 day moving average of $104.58 and a two-hundred day moving average of $104.88. The company has a market cap of $91.99 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.72 and a beta of 1.05. 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 (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.1%. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Analysts Set New Price Targets

A number of research firms recently issued reports on UPS. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Evercore cut 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 research note on Wednesday, April 22nd. Citigroup boosted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group dropped their price objective 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. Finally, Susquehanna increased their target price 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 equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, United Parcel Service has a consensus 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.