Vise Technologies Inc. Grows Stake in United Parcel Service, Inc. $UPS

Vise Technologies Inc. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 71.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,148 shares of the transportation company’s stock after purchasing an additional 7,960 shares during the quarter. Vise Technologies Inc.’s holdings in United Parcel Service were worth $1,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Coston McIsaac & Partners increased its holdings in United Parcel Service by 77.8% during 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 during the period. Torren Management LLC purchased a new position in United Parcel Service during the 4th quarter worth $29,000. Elyxium Wealth LLC purchased a new position in United Parcel Service during the 4th quarter worth $40,000. Activest Wealth Management increased its holdings in United Parcel Service by 144.3% during 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 during the period. Finally, Optima Capital LLC purchased a new position in United Parcel Service during the 4th quarter worth $44,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 0.1%

Shares of NYSE:UPS opened at $108.65 on Monday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The business’s fifty day simple moving average is $102.18 and its 200-day simple moving average is $103.63. The company has a market capitalization of $92.35 billion, a PE ratio of 17.58, a P/E/G ratio of 1.73 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the business posted $1.49 EPS. The business’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 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.0%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

Analyst Upgrades and Downgrades

Several research firms have commented on UPS. Susquehanna raised their price objective on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. UBS Group cut their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. 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. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Finally, Evercore cut their price target on 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. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and an average target price of $111.50.

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.