United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,289,624 shares of the transportation company's stock after buying an additional 373,202 shares during the period. Geode Capital Management LLC owned 1.78% of United Parcel Service worth $2,080,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Savoie Capital LLC raised its holdings in United Parcel Service by 39.0% in the third quarter. Savoie Capital LLC now owns 23,528 shares of the transportation company's stock worth $3,208,000 after purchasing an additional 6,600 shares in the last quarter. Resources Management Corp CT ADV raised its stake in shares of United Parcel Service by 2.0% during the 3rd quarter. Resources Management Corp CT ADV now owns 50,778 shares of the transportation company's stock worth $6,923,000 after acquiring an additional 999 shares in the last quarter. Executive Wealth Management LLC purchased a new stake in United Parcel Service during the third quarter valued at approximately $7,689,000. LRI Investments LLC boosted its stake in United Parcel Service by 18.9% in the third quarter. LRI Investments LLC now owns 825 shares of the transportation company's stock valued at $109,000 after acquiring an additional 131 shares in the last quarter. Finally, Harvest Investment Advisors LLC grew its holdings in United Parcel Service by 20.8% in the third quarter. Harvest Investment Advisors LLC now owns 11,690 shares of the transportation company's stock worth $1,594,000 after purchasing an additional 2,015 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Susquehanna increased their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Oppenheimer upped their target price on United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Finally, Evercore ISI increased their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of "Moderate Buy" and an average price target of $151.29.

United Parcel Service Price Performance

UPS traded up $1.69 on Tuesday, hitting $130.22. 6,304,502 shares of the company's stock were exchanged, compared to its average volume of 4,170,154. The firm has a 50-day moving average price of $133.16 and a 200-day moving average price of $132.96. The stock has a market cap of $111.13 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 2.06 and a beta of 0.98. 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, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis 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 presently 98.49%.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business'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 value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company's stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

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.