Syon Capital LLC Purchases 1,562 Shares of United Parcel Service, Inc. (NYSE:UPS)

Syon Capital LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 34.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,162 shares of the transportation company’s stock after purchasing an additional 1,562 shares during the period. Syon Capital LLC’s holdings in United Parcel Service were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in shares of United Parcel Service during the third quarter worth $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $26,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service during the fourth quarter worth about $28,000. Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service in the fourth quarter worth approximately $31,000. Finally, VisionPoint Advisory Group LLC increased its position in United Parcel Service by 69.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 98 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded up $0.77 during mid-day trading on Thursday, reaching $147.39. The company had a trading volume of 3,551,461 shares, compared to its average volume of 4,351,543. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $149.57 and its 200-day moving average price is $151.03. The firm has a market cap of $125.67 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.73 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the prior year, the company earned $2.20 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UPS shares. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Oppenheimer lifted their price objective on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus dropped their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. Finally, Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $166.96.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the stock in a transaction on Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.