Pinebridge Investments LLC Invests $9.32 Million in United Parcel Service, Inc. $UPS

Pinebridge Investments LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 94,002 shares of the transportation company’s stock, valued at approximately $9,324,000.

Several other institutional investors also recently bought and sold shares of the company. FLC Capital Advisors boosted its holdings in United Parcel Service by 3.9% in the 4th quarter. FLC Capital Advisors now owns 20,747 shares of the transportation company’s stock worth $2,058,000 after buying an additional 771 shares during the last quarter. Parallel Advisors LLC boosted its holdings in United Parcel Service by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 20,440 shares of the transportation company’s stock worth $2,027,000 after buying an additional 3,425 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in United Parcel Service in the 4th quarter worth about $634,000. Compass Rose Asset Management LP acquired a new stake in United Parcel Service in the 4th quarter worth about $10,316,000. Finally, Deseret Mutual Benefit Administrators boosted its holdings in United Parcel Service by 7.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 5,716 shares of the transportation company’s stock worth $567,000 after buying an additional 385 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UPS shares. Susquehanna lifted 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. Citigroup lifted their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. UBS Group lowered their price objective 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. Finally, Evercore lowered their price objective 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 given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service Stock Down 1.4%

Shares of NYSE UPS opened at $108.65 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The stock has a market cap 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. The company has a 50-day moving average of $102.18 and a 200 day moving average of $103.56.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data 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 company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the prior year, the company earned $1.49 EPS. United Parcel Service’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.1 EPS 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. Investors of record on Monday, May 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is currently 106.15%.

United Parcel Service Company 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.