O Shaughnessy Asset Management LLC Acquires 641 Shares of United Parcel Service, Inc. (NYSE:UPS)

O Shaughnessy Asset Management LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,386 shares of the transportation company’s stock after purchasing an additional 641 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in United Parcel Service were worth $5,219,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of UPS. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $304,000. Schroder Investment Management Group boosted its stake in United Parcel Service by 6.9% in the fourth quarter. Schroder Investment Management Group now owns 190,286 shares of the transportation company’s stock valued at $23,847,000 after acquiring an additional 12,286 shares in the last quarter. Allianz SE purchased a new position in United Parcel Service in the fourth quarter worth $8,838,000. WealthTrak Capital Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $364,000. Finally, Allstate Corp purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $2,736,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.8 %

Shares of UPS opened at $110.16 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $107.52 and a 1-year high of $154.29. The stock has a market cap of $94.10 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The firm has a 50 day simple moving average of $117.20 and a 200-day simple moving average of $126.04.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business earned $2.47 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.95%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is 97.04%.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of recent analyst reports. Truist Financial began coverage on shares of United Parcel Service in a research note on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of United Parcel Service from $128.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Barclays lowered their price target on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research report on Monday. Raymond James cut their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Friday, January 31st. Finally, BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.83.

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.