Portfolio Design Labs LLC Has $1.30 Million Position in United Parcel Service, Inc. $UPS

Portfolio Design Labs LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 92.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,144 shares of the transportation company’s stock after acquiring an additional 6,329 shares during the quarter. Portfolio Design Labs LLC’s holdings in United Parcel Service were worth $1,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Norges Bank acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $902,446,000. Pacer Advisors Inc. increased its stake in shares of United Parcel Service by 507.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock valued at $321,796,000 after buying an additional 2,710,470 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $181,951,000. Vanguard Group Inc. increased its stake in shares of United Parcel Service by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after buying an additional 1,218,432 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of United Parcel Service by 94.8% in the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock valued at $231,388,000 after buying an additional 1,119,372 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $103.33 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average price of $102.82 and a two-hundred day moving average price of $103.93. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The company has a market cap of $87.83 billion, a P/E ratio of 16.72, a PEG ratio of 1.72 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly 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. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm posted $1.49 EPS. United Parcel Service’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

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 6.3%. United Parcel Service’s payout ratio is currently 106.15%.

Wall Street Analysts Forecast Growth

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