Westpac Banking Corp Purchases 5,390 Shares of United Parcel Service, Inc. $UPS

Westpac Banking Corp boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 78.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,252 shares of the transportation company’s stock after purchasing an additional 5,390 shares during the quarter. Westpac Banking Corp’s holdings in United Parcel Service were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coston McIsaac & Partners raised 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 last quarter. Torren Management LLC acquired a new stake in United Parcel Service during the 4th quarter valued at $29,000. Physician Wealth Advisors Inc. lifted its holdings in United Parcel Service by 76.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 163 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in United Parcel Service during the 4th quarter valued at $40,000. Finally, Activest Wealth Management lifted 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 valued at $40,000 after purchasing an additional 241 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on UPS. Susquehanna raised their price target on United Parcel Service from $116.00 to $118.00 and gave the company 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 for the company 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. Evercore reduced their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Finally, Citigroup lifted their target price on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report 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 assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $111.50.

United Parcel Service Stock Performance

United Parcel Service stock opened at $108.74 on Thursday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The business’s 50-day moving average price is $101.74 and its two-hundred day moving average price is $103.43. The stock has a market cap of $92.43 billion, a PE ratio of 17.60, a P/E/G ratio of 1.73 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its 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 firm had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the business posted $1.49 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

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.