Hourglass Capital LLC Purchases Shares of 30,565 United Parcel Service, Inc. (NYSE:UPS)

Hourglass Capital LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,565 shares of the transportation company's stock, valued at approximately $3,854,000.

A number of other large investors have also bought and sold shares of UPS. AMF Tjanstepension AB increased its position in United Parcel Service by 39.7% in the third quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company's stock worth $14,793,000 after buying an additional 30,815 shares during the last quarter. Creative Planning increased its position in United Parcel Service by 3.5% in the third quarter. Creative Planning now owns 245,539 shares of the transportation company's stock worth $33,412,000 after buying an additional 8,320 shares during the last quarter. Marshall Financial Group LLC boosted its holdings in shares of United Parcel Service by 11.4% in the third quarter. Marshall Financial Group LLC now owns 1,955 shares of the transportation company's stock worth $267,000 after acquiring an additional 200 shares during the period. Trust Co. of Vermont boosted its holdings in shares of United Parcel Service by 10.8% in the third quarter. Trust Co. of Vermont now owns 8,800 shares of the transportation company's stock worth $1,200,000 after acquiring an additional 860 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of United Parcel Service by 3.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 98,238 shares of the transportation company's stock worth $13,394,000 after acquiring an additional 3,433 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UPS shares. Susquehanna cut their price target on United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Bank of America cut their price target on United Parcel Service from $150.00 to $133.00 and set a "buy" rating for the company in a report on Friday, January 31st. Morgan Stanley cut their price target on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Evercore ISI lifted their price objective on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus dropped their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $140.73.

United Parcel Service Stock Down 0.4 %

Shares of NYSE:UPS traded down $0.46 during trading on Wednesday, hitting $114.96. The stock had a trading volume of 4,247,525 shares, compared to its average volume of 6,669,686. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The company has a market capitalization of $98.11 billion, a PE ratio of 17.01, a PEG ratio of 1.54 and a beta of 0.98. The firm's fifty day moving average is $123.99 and its 200 day moving average is $128.58. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business posted $2.47 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is 97.04%.

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.