11,761 Shares in United Parcel Service, Inc. $UPS Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, HoldingsChannel reports. The firm purchased 11,761 shares of the transportation company’s stock, valued at approximately $1,167,000.

A number of other hedge funds have also modified their holdings of the company. Westbourne Investments Inc. lifted its holdings in shares of United Parcel Service by 1.2% during the fourth quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock worth $781,000 after purchasing an additional 91 shares during the period. Webster Bank N. A. raised its position in United Parcel Service by 16.7% during the 4th quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock worth $69,000 after buying an additional 100 shares during the last quarter. Peoples Financial Services CORP. raised its position in United Parcel Service by 2.5% during the 4th quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock worth $400,000 after buying an additional 100 shares during the last quarter. Argyle Capital Management LLC lifted its stake in United Parcel Service by 0.4% during the 4th quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock valued at $2,728,000 after acquiring an additional 100 shares during the period. Finally, Spurstone Advisory Services LLC boosted its holdings in shares of United Parcel Service by 2.7% in the 4th quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 100 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.6%

UPS stock opened at $98.27 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s fifty day moving average is $100.33 and its 200 day moving average is $102.73. The firm has a market cap of $83.53 billion, a PE ratio of 15.90, a P/E/G ratio of 1.57 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm posted $1.49 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. On average, research analysts forecast that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.7%. United Parcel Service’s dividend payout ratio is presently 106.15%.

Analyst Ratings Changes

UPS has been the topic of a number of research reports. BMO Capital Markets increased their price objective on shares of United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. upped their price target on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Wells Fargo & Company lifted their price objective on United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Oppenheimer boosted their price objective on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, Citigroup upped their target price on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $111.87.

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.