Sivia Capital Partners LLC Acquires Shares of 11,592 United Parcel Service, Inc. $UPS

Sivia Capital Partners LLC acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,592 shares of the transportation company’s stock, valued at approximately $1,150,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elgethun Capital Management lifted its holdings in United Parcel Service by 169.6% in the 4th quarter. Elgethun Capital Management now owns 6,482 shares of the transportation company’s stock valued at $643,000 after purchasing an additional 4,078 shares in the last quarter. Nvest Financial LLC purchased a new position in United Parcel Service during the fourth quarter worth approximately $460,000. Avestar Capital LLC purchased a new position in United Parcel Service during the fourth quarter worth approximately $210,000. CIBC Asset Management Inc lifted its position in United Parcel Service by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 188,761 shares of the transportation company’s stock worth $18,723,000 after buying an additional 70,029 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in United Parcel Service by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after buying an additional 65,652 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $108.74 on Thursday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $92.43 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.73 and a beta of 1.05. The stock’s fifty day moving average is $101.74 and its two-hundred day moving average is $103.43.

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

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be given a $1.64 dividend. The ex-dividend date is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. United Parcel Service’s payout ratio is currently 106.15%.

Analysts Set New Price Targets

A number of brokerages recently commented on UPS. UBS Group reduced their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Citigroup lifted their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Susquehanna lifted their price objective on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Evercore reduced their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.50.

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.