Oakview Capital Management L.P. Has $18.61 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Oakview Capital Management L.P. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 2.3% during the third quarter, Holdings Channel.com reports. The fund owned 119,392 shares of the transportation company’s stock after selling 2,855 shares during the quarter. United Parcel Service comprises 8.2% of Oakview Capital Management L.P.’s portfolio, making the stock its 3rd biggest holding. Oakview Capital Management L.P.’s holdings in United Parcel Service were worth $18,610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of UPS. VisionPoint Advisory Group LLC purchased a new position in United Parcel Service during the 2nd quarter worth $25,000. OFI Invest Asset Management purchased a new position in United Parcel Service during the 3rd quarter worth $25,000. IMA Wealth Inc. raised its stake in shares of United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after purchasing an additional 71 shares during the period. Pacific Center for Financial Services bought a new stake in shares of United Parcel Service during the 1st quarter worth $25,000. Finally, Worth Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter worth $27,000. 58.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on UPS shares. TD Cowen lowered their target price on United Parcel Service from $175.00 to $147.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. Raymond James lowered their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, December 21st. Finally, BMO Capital Markets lowered their price objective on United Parcel Service from $165.00 to $160.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. Seventeen equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $177.76.

Get Our Latest Research Report on UPS

United Parcel Service Price Performance

Shares of NYSE UPS traded down $1.87 during midday trading on Monday, hitting $139.98. 806,171 shares of the company’s stock were exchanged, compared to its average volume of 4,348,448. The company has a market cap of $119.25 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.67 and a beta of 1.05. The business’s fifty day moving average price is $156.13 and its two-hundred day moving average price is $158.94. The company has a current ratio of 1.10, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $197.80.

United Parcel Service (NYSE:UPSGet Free Report) last issued its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. United Parcel Service’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.62 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 8.48 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th will be paid a $1.63 dividend. The ex-dividend date is Friday, February 16th. This represents a $6.52 annualized dividend and a yield of 4.66%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is currently 83.18%.

United Parcel Service Company Profile

(Free Report)

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.

See Also

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPSFree Report).

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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