Vinva Investment Management Ltd Has $1.18 Million Stake in United Parcel Service, Inc. $UPS

Vinva Investment Management Ltd lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 67.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,911 shares of the transportation company’s stock after selling 29,029 shares during the period. Vinva Investment Management Ltd’s holdings in United Parcel Service were worth $1,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UPS. CFS Investment Advisory Services LLC raised its position in shares of United Parcel Service by 2.6% in the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock valued at $372,000 after buying an additional 108 shares in the last quarter. Center for Financial Planning Inc. boosted its stake in shares of United Parcel Service by 4.6% in the third quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock valued at $214,000 after buying an additional 112 shares during the period. Wealth Advisory Solutions LLC grew its position in United Parcel Service by 2.3% during the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock worth $431,000 after buying an additional 118 shares in the last quarter. Winch Advisory Services LLC grew its position in United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after buying an additional 124 shares in the last quarter. Finally, Country Trust Bank increased its stake in United Parcel Service by 4.8% during the 2nd quarter. Country Trust Bank now owns 2,747 shares of the transportation company’s stock worth $277,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Sanford C. Bernstein lifted their price objective on United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, January 9th. BNP Paribas Exane lowered United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Citigroup cut their price objective on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Trading Down 2.4%

Shares of UPS opened at $99.87 on Tuesday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $123.70. The business’s fifty day moving average is $110.09 and its 200-day moving average is $97.71. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $84.80 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.62 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the firm earned $2.75 EPS. United Parcel Service’s revenue was down 3.2% on a year-over-year basis. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.6%. United Parcel Service’s payout ratio is presently 100.00%.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

About United Parcel Service

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.