William Allan Corp Boosts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

William Allan Corp increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,379 shares of the transportation company’s stock after buying an additional 831 shares during the period. United Parcel Service accounts for 2.3% of William Allan Corp’s holdings, making the stock its 18th biggest position. William Allan Corp’s holdings in United Parcel Service were worth $3,869,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Marshall Wace LLP grew its stake in United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after acquiring an additional 1,901,914 shares during the period. Van ECK Associates Corp increased its holdings in United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after acquiring an additional 1,620,091 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after acquiring an additional 1,320,921 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in United Parcel Service by 5,136.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after purchasing an additional 1,059,339 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer boosted their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. TD Cowen started coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.52.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.5 %

Shares of UPS stock opened at $135.68 on Friday. The firm’s 50-day simple moving average is $133.41 and its 200-day simple moving average is $133.97. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a market cap of $115.79 billion, a P/E ratio of 20.50, a PEG ratio of 2.23 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

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.