Logan Capital Management Inc. Acquires 9,250 Shares of United Parcel Service, Inc. (NYSE:UPS)

Logan Capital Management Inc. increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 87,069 shares of the transportation company's stock after buying an additional 9,250 shares during the period. Logan Capital Management Inc.'s holdings in United Parcel Service were worth $11,871,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inspire Trust Co. N.A. grew its stake in shares of United Parcel Service by 27.0% in the third quarter. Inspire Trust Co. N.A. now owns 24,500 shares of the transportation company's stock worth $3,340,000 after purchasing an additional 5,209 shares in the last quarter. Peapack Gladstone Financial Corp increased its stake in shares of United Parcel Service by 15.7% during the third quarter. Peapack Gladstone Financial Corp now owns 83,104 shares of the transportation company's stock valued at $11,330,000 after acquiring an additional 11,305 shares during the period. Synovus Financial Corp increased its position in shares of United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock valued at $11,934,000 after purchasing an additional 6,941 shares during the period. Tidal Investments LLC raised its position in United Parcel Service by 26.8% in the third quarter. Tidal Investments LLC now owns 34,255 shares of the transportation company's stock worth $4,670,000 after acquiring an additional 7,240 shares in the last quarter. Finally, Optimist Retirement Group LLC lifted its holdings in United Parcel Service by 28.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 3,079 shares of the transportation company's stock valued at $420,000 after acquiring an additional 680 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. Susquehanna lifted their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a research 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 price objective for the company from $155.00 to $150.00 in a research report on Tuesday. Barclays reaffirmed an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. TD Cowen initiated coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a "hold" rating and a $144.00 price objective for the company. Finally, Argus upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. 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 given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.29.

Insider Activity

In related 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 shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

NYSE UPS traded down $0.22 during trading on Friday, reaching $128.76. 3,988,440 shares of the company traded hands, compared to its average volume of 4,187,872. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a market cap of $109.88 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.12 and a beta of 0.98. The stock's 50 day moving average price is $132.99 and its two-hundred day moving average price is $132.85. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

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

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is currently 98.49%.

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.