Darwin Wealth Management LLC Purchases New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Darwin Wealth Management LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,933 shares of the transportation company's stock, valued at approximately $673,000.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares in the last quarter. Marshall Wace LLP boosted its position in shares of United Parcel Service by 284.8% in the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company's stock worth $351,681,000 after buying an additional 1,901,914 shares during the period. Van ECK Associates Corp boosted its position in shares of United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock worth $232,959,000 after buying an additional 1,620,091 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of United Parcel Service by 5,136.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company's stock worth $147,242,000 after buying an additional 1,059,339 shares during the period. Finally, Interval Partners LP purchased a new stake in shares of United Parcel Service in the first quarter worth about $90,099,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

UPS has been the topic of several recent analyst reports. UBS Group boosted their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $140.00 to $139.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Susquehanna upped their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Robert W. Baird cut their price objective on United Parcel Service from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 24th. Finally, BMO Capital Markets cut their price objective on United Parcel Service from $169.00 to $155.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $151.52.

United Parcel Service Stock Down 0.8 %

Shares of UPS traded down $1.13 during mid-day trading on Wednesday, reaching $132.07. The company's stock had a trading volume of 3,848,099 shares, compared to its average volume of 4,165,909. The business has a fifty day moving average of $132.70 and a 200 day moving average of $134.41. The company has a market cap of $112.70 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Monday, November 18th. United Parcel Service's dividend payout ratio 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.