1832 Asset Management L.P. Acquires 50,072 Shares of United Parcel Service, Inc. (NYSE:UPS)

1832 Asset Management L.P. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 48.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,824 shares of the transportation company’s stock after purchasing an additional 50,072 shares during the quarter. 1832 Asset Management L.P.’s holdings in United Parcel Service were worth $22,863,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Blackston Financial Advisory Group LLC purchased a new stake in United Parcel Service in the fourth quarter worth $791,000. Schechter Investment Advisors LLC grew its position in United Parcel Service by 8.5% during the fourth quarter. Schechter Investment Advisors LLC now owns 7,483 shares of the transportation company’s stock worth $1,177,000 after buying an additional 586 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in United Parcel Service by 1.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock worth $1,142,000 after buying an additional 69 shares in the last quarter. Brown Miller Wealth Management LLC grew its position in United Parcel Service by 1.1% during the fourth quarter. Brown Miller Wealth Management LLC now owns 8,498 shares of the transportation company’s stock worth $1,336,000 after buying an additional 90 shares in the last quarter. Finally, DeDora Capital Inc. grew its position in United Parcel Service by 6.1% during the fourth quarter. DeDora Capital Inc. now owns 4,933 shares of the transportation company’s stock worth $776,000 after buying an additional 284 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded up $1.75 on Friday, reaching $128.83. The company’s stock had a trading volume of 7,271,324 shares, compared to its average volume of 5,001,099. The stock’s 50-day moving average is $137.64 and its two-hundred day moving average is $145.59. United Parcel Service, Inc. has a 52-week low of $124.80 and a 52-week high of $189.65. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.04. The stock has a market capitalization of $110.22 billion, a P/E ratio of 18.67, a PEG ratio of 1.76 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.54 earnings per share. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.64 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were issued 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 5.06%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UPS shares. Barclays dropped their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday. Stifel Nicolaus dropped their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America dropped their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Robert W. Baird dropped their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $154.95.

United Parcel Service 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.