United Parcel Service, Inc. $UPS Shares Purchased by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA raised its position in United Parcel Service, Inc. (NYSE:UPS) by 42.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,269 shares of the transportation company’s stock after purchasing an additional 7,500 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in United Parcel Service were worth $2,486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waverly Advisors LLC grew its stake in United Parcel Service by 2.0% during the first quarter. Waverly Advisors LLC now owns 214,839 shares of the transportation company’s stock worth $21,136,000 after buying an additional 4,174 shares during the period. Wealth Alliance LLC boosted its position in United Parcel Service by 3.5% during the 1st quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company’s stock worth $296,000 after purchasing an additional 102 shares during the period. Epoch Investment Partners Inc. boosted its position in United Parcel Service by 7.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 575,286 shares of the transportation company’s stock worth $56,597,000 after purchasing an additional 39,010 shares during the period. Morningstar Investment Management LLC increased its holdings in United Parcel Service by 8.7% in the 1st quarter. Morningstar Investment Management LLC now owns 25,383 shares of the transportation company’s stock valued at $2,497,000 after purchasing an additional 2,022 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in United Parcel Service by 6.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 333,211 shares of the transportation company’s stock valued at $32,781,000 after purchasing an additional 21,059 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. Sanford C. Bernstein increased their price objective on shares of United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Citigroup boosted their target price on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Citizens Jmp started coverage on shares of United Parcel Service in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Wall Street Zen lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Evercore dropped their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $111.50.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $114.60 on Monday. 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 current ratio of 1.21 and a quick ratio of 1.21. The business’s fifty day moving average price is $108.28 and its two-hundred day moving average price is $106.66. The firm has a market capitalization of $97.41 billion, a PE ratio of 18.54, a P/E/G ratio of 1.83 and a beta of 1.05.

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

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.7%. United Parcel Service’s payout ratio is currently 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.