4,579 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,579 shares of the transportation company’s stock, valued at approximately $681,000.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Wellington Management Group LLP increased its stake in shares of United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after buying an additional 8,475,698 shares during the period. Norges Bank purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $1,128,322,000. First Trust Advisors LP increased its stake in shares of United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after buying an additional 1,160,005 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UPS shares. Bank of America boosted their target price on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Susquehanna upped their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Evercore ISI reduced their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Morgan Stanley upped their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Finally, BMO Capital Markets upped their price target on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Trading Up 0.8 %

Shares of NYSE:UPS opened at $136.85 on Friday. The company has a market cap of $117.08 billion, a P/E ratio of 19.83, a PEG ratio of 1.72 and a beta of 1.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98. The stock’s fifty day moving average price is $141.71 and its 200-day moving average price is $148.61.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.20 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.76%. United Parcel Service’s payout ratio is 94.49%.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.