Haven Capital Group Inc. Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Haven Capital Group Inc. bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,127 shares of the transportation company’s stock, valued at approximately $268,000.

A number of other institutional investors have also recently bought and sold shares of UPS. Raymond James Financial Inc. acquired a new stake in United Parcel Service during the 4th quarter worth $393,680,000. Two Sigma Advisers LP grew its holdings in shares of United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after buying an additional 1,851,900 shares during the period. Van ECK Associates Corp grew its holdings in shares of United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after buying an additional 1,378,136 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 valued at $2,933,674,000 after buying an additional 1,337,058 shares during the period. Finally, Amundi grew its holdings in shares of United Parcel Service by 14.6% in the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock valued at $1,272,600,000 after buying an additional 1,277,328 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. 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 report on Friday, January 31st. Susquehanna decreased their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Bank of America decreased their price target 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. Citigroup cut their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.09.

United Parcel Service Stock Up 1.2 %

Shares of UPS stock opened at $118.13 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm’s 50-day moving average is $120.79 and its 200-day moving average is $127.32. The stock has a market cap of $100.91 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.55 and a beta of 0.94. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the business posted $2.47 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.55%. This is a boost 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 presently 97.04%.

United Parcel Service Company Profile

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.