First Dallas Securities Inc. Acquires 9,438 Shares of United Parcel Service, Inc. (NYSE:UPS)

First Dallas Securities Inc. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 476.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,417 shares of the transportation company's stock after acquiring an additional 9,438 shares during the quarter. First Dallas Securities Inc.'s holdings in United Parcel Service were worth $1,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of UPS. TruNorth Capital Management LLC bought a new position in United Parcel Service during the second quarter valued at about $28,000. True Wealth Design LLC grew its position 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 period. Centerpoint Advisors LLC increased its stake in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company's stock worth $34,000 after purchasing an additional 155 shares during the period. Finally, PSI Advisors LLC lifted its stake in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Up 1.3 %

Shares of NYSE:UPS traded up $1.69 on Tuesday, reaching $130.22. 6,304,502 shares of the company traded hands, compared to its average volume of 4,170,154. The stock has a market capitalization of $111.13 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The business's 50-day simple moving average is $133.16 and its 200 day simple moving average is $132.96. 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 posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is currently 98.49%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UPS. The Goldman Sachs Group cut their price target on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus raised their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a "buy" rating in a report on Friday, October 25th. BMO Capital Markets raised shares of United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $150.00 in a report on Tuesday. Evercore ISI raised their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of "Moderate Buy" and an average target price of $151.29.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value 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 filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

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.