L2 Asset Management LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,052 shares of the transportation company’s stock, valued at approximately $225,000.
A number of other institutional investors and hedge funds have also made changes to their positions in UPS. Rational Advisors LLC lifted its stake in United Parcel Service by 126.4% during the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock worth $26,000 after purchasing an additional 67 shares during the period. DB Fitzpatrick & Co Inc bought a new position in United Parcel Service during the fourth quarter worth about $28,000. Curi Wealth Management LLC bought a new position in United Parcel Service during the fourth quarter worth about $28,000. Steward Financial Group LLC bought a new position in United Parcel Service during the fourth quarter worth about $32,000. Finally, PSI Advisors LLC bought a new position in United Parcel Service during the third quarter worth about $34,000. Hedge funds and other institutional investors own 57.85% of the company’s stock.
Shares of NYSE UPS traded up $0.90 during midday trading on Friday, reaching $178.04. 3,598,100 shares of the stock were exchanged, compared to its average volume of 3,628,483. The business has a 50-day simple moving average of $197.52 and a two-hundred day simple moving average of $205.72. The company has a market capitalization of $154.96 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.16. United Parcel Service, Inc. has a 12 month low of $173.19 and a 12 month high of $233.72. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.52 and a quick ratio of 1.52.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be given a $1.52 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $6.08 annualized dividend and a yield of 3.41%. United Parcel Service’s dividend payout ratio is currently 49.63%.
In other United Parcel Service news, insider Philippe R. Gilbert sold 3,897 shares of the business’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $215.37, for a total transaction of $839,296.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Laura J. Lane sold 6,988 shares of the business’s stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $208.28, for a total transaction of $1,455,460.64. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.
UPS has been the subject of a number of research analyst reports. Credit Suisse Group cut their target price on shares of United Parcel Service from $263.00 to $226.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. BNP Paribas upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $191.00 target price for the company in a research note on Thursday, January 20th. Berenberg Bank set a $200.00 target price on shares of United Parcel Service in a research note on Tuesday, April 26th. JPMorgan Chase & Co. cut shares of United Parcel Service from an “overweight” rating to a “neutral” rating and set a $202.00 target price for the company. in a research note on Friday. Finally, Raymond James cut their target price on shares of United Parcel Service from $275.00 to $250.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $225.04.
United Parcel Service Profile (Get Rating)
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
- Get a free copy of the StockNews.com research report on United Parcel Service (UPS)
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