BluePath Capital Management LLC Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

BluePath Capital Management LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,721 shares of the transportation company's stock, valued at approximately $340,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. True Wealth Design LLC increased its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Princeton Global Asset Management LLC increased its position in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock worth $34,000 after purchasing an additional 216 shares during the last quarter. PSI Advisors LLC raised its stake in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock worth $34,000 after purchasing an additional 200 shares during the period. FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the 3rd quarter valued at $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of United Parcel Service during the 3rd quarter valued at $54,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 2.0 %

NYSE UPS traded up $2.50 during mid-day trading on Thursday, reaching $129.97. 5,471,288 shares of the company's stock traded hands, compared to its average volume of 4,606,358. The company has a fifty day simple moving average of $129.09 and a 200-day simple moving average of $130.98. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35. The company has a market cap of $110.91 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. United Parcel Service's payout ratio is 98.49%.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction that occurred on 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 sale, the insider now directly owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group increased their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on United Parcel Service from $134.00 to $135.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Barclays reissued an "underweight" rating and set a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Finally, Wells Fargo & Company reduced their price target on shares of United Parcel Service from $155.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of "Moderate Buy" and an average target price of $151.10.

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.