Duality Advisers LP Has $5.24 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Duality Advisers LP raised its position in United Parcel Service, Inc. (NYSE:UPS) by 117.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 35,232 shares of the transportation company’s stock after purchasing an additional 19,060 shares during the period. Duality Advisers LP’s holdings in United Parcel Service were worth $5,237,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Comerica Bank lifted its position in shares of United Parcel Service by 2,668.4% in the third quarter. Comerica Bank now owns 277,451 shares of the transportation company’s stock worth $43,246,000 after purchasing an additional 267,429 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in United Parcel Service during the 3rd quarter worth about $2,353,000. Verity Asset Management Inc. boosted its stake in shares of United Parcel Service by 5.3% during the 3rd quarter. Verity Asset Management Inc. now owns 1,556 shares of the transportation company’s stock worth $243,000 after buying an additional 78 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of United Parcel Service by 11.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 77,475 shares of the transportation company’s stock valued at $12,076,000 after acquiring an additional 8,073 shares in the last quarter. Finally, Banque Pictet & Cie SA increased its position in shares of United Parcel Service by 9.6% in the third quarter. Banque Pictet & Cie SA now owns 17,349 shares of the transportation company’s stock valued at $2,704,000 after acquiring an additional 1,521 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UPS has been the subject of a number of analyst reports. Evercore ISI decreased their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. Bank of America boosted their price objective on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Susquehanna lifted their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Wells Fargo & Company began coverage on shares of United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Trading Up 2.9 %

Shares of UPS stock traded up $3.96 during trading hours on Friday, hitting $142.20. 2,040,244 shares of the company’s stock traded hands, compared to its average volume of 3,981,203. The stock has a market cap of $121.66 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98. United Parcel Service, Inc. has a 12 month low of $132.90 and a 12 month high of $192.98. The stock’s 50 day simple moving average is $139.65 and its 200 day simple moving average is $147.14. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the prior year, the firm posted $2.20 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.59%. United Parcel Service’s dividend payout ratio is currently 94.49%.

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.