EntryPoint Capital LLC Invests $794,000 in United Parcel Service, Inc. (NYSE:UPS)

EntryPoint Capital LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 6,297 shares of the transportation company’s stock, valued at approximately $794,000. United Parcel Service accounts for 0.3% of EntryPoint Capital LLC’s holdings, making the stock its 12th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after purchasing an additional 370,705 shares during the period. State Street Corp increased its stake in United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after buying an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC boosted its position in United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock valued at $2,080,170,000 after buying an additional 373,202 shares during the last quarter. Finally, FMR LLC grew its stake in shares of United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after acquiring an additional 380,229 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UPS has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Raymond James decreased their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Citigroup cut their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Bank of America decreased their price objective on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Price Performance

NYSE UPS opened at $115.88 on Tuesday. The company has a 50-day moving average price of $119.95 and a two-hundred day moving average price of $126.92. United Parcel Service, Inc. has a 52 week low of $109.40 and a 52 week high of $157.99. The stock has a market cap of $98.98 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $2.47 earnings per share. Analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.66%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is presently 97.04%.

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.