Opal Capital LLC Buys Shares of 59,457 United Parcel Service, Inc. $UPS

Opal Capital LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 59,457 shares of the transportation company’s stock, valued at approximately $5,904,000. United Parcel Service comprises 1.5% of Opal Capital LLC’s investment portfolio, making the stock its 25th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Shrier Wealth Management LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $1,099,000. Victory Capital Management Inc. grew its stake in shares of United Parcel Service by 10.5% in the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after purchasing an additional 761,217 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of United Parcel Service by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock valued at $450,495,000 after purchasing an additional 65,652 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its stake in shares of United Parcel Service by 192.7% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after purchasing an additional 12,993 shares during the last quarter. Finally, CWM LLC grew its stake in shares of United Parcel Service by 49.4% in the 4th quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock valued at $29,495,000 after purchasing an additional 98,309 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS stock opened at $110.15 on Wednesday. The stock has a fifty day moving average price of $103.68 and a 200 day moving average price of $104.33. The stock has a market cap of $93.63 billion, a PE ratio of 17.82, a P/E/G ratio of 1.73 and a beta of 1.05. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 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.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.United Parcel Service’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.49 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.0%. United Parcel Service’s payout ratio is currently 106.15%.

Analyst Ratings Changes

Several research firms have recently commented on UPS. Citigroup raised their price target on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Evercore reduced their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. 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. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Finally, UBS Group reduced 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.50.

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.