United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 25.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,457 shares of the transportation company's stock after buying an additional 5,444 shares during the period. Pine Valley Investments Ltd Liability Co's holdings in United Parcel Service were worth $3,607,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Archford Capital Strategies LLC grew its stake in United Parcel Service by 1.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 6,102 shares of the transportation company's stock worth $835,000 after buying an additional 101 shares during the last quarter. Fiduciary Financial Group LLC acquired a new stake in United Parcel Service in the second quarter worth about $362,000. Ellsworth Advisors LLC grew its stake in shares of United Parcel Service by 7.1% during the second quarter. Ellsworth Advisors LLC now owns 27,949 shares of the transportation company's stock worth $3,825,000 after acquiring an additional 1,848 shares during the last quarter. Cordatus Wealth Management LLC acquired a new position in shares of United Parcel Service during the second quarter valued at about $1,725,000. Finally, Naples Global Advisors LLC raised its position in shares of United Parcel Service by 3.8% in the 2nd quarter. Naples Global Advisors LLC now owns 45,064 shares of the transportation company's stock valued at $6,167,000 after purchasing an additional 1,655 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

UPS stock traded down $0.13 during trading on Thursday, hitting $128.99. The stock had a trading volume of 4,979,766 shares, compared to its average volume of 4,187,877. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company's 50-day moving average price is $133.02 and its two-hundred day moving average price is $132.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $110.08 billion, a P/E ratio of 19.29, a PEG ratio of 2.06 and a beta of 0.98.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the company posted $1.57 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is 98.49%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company'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 completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on UPS shares. StockNews.com raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on United Parcel Service from $140.00 to $139.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group lowered their price target on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Evercore ISI increased their price objective on United Parcel Service from $138.00 to $141.00 and gave the company an "in-line" rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets raised United Parcel Service from a "market perform" rating to an "outperform" rating and decreased their target price for the stock from $155.00 to $150.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of "Moderate Buy" and an average target price of $151.29.

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.