OMERS ADMINISTRATION Corp Buys 16,687 Shares of United Parcel Service, Inc. $UPS

OMERS ADMINISTRATION Corp grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 64.0% during the first quarter, HoldingsChannel reports. The fund owned 42,751 shares of the transportation company’s stock after acquiring an additional 16,687 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in United Parcel Service were worth $4,206,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. purchased a new position in United Parcel Service in the fourth quarter valued at about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at about $25,000. Coston McIsaac & Partners boosted its holdings in shares of United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $29,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 1.7%

Shares of United Parcel Service stock opened at $112.85 on Tuesday. The firm’s 50 day simple moving average is $108.62 and its two-hundred day simple moving average is $106.71. The firm has a market capitalization of $95.92 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.83 and a beta of 1.05. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.8%. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UPS shares. Citizens Jmp initiated coverage on shares of United Parcel Service in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Wall Street Zen downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Sunday. UBS Group cut their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Evercore reduced their price target 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. Finally, Sanford C. Bernstein increased their price objective on United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $111.50.

United Parcel Service Company 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.