Seelaus Asset Management LLC Invests $531,000 in United Parcel Service, Inc. (NYSE:UPS)

Seelaus Asset Management LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,896 shares of the transportation company's stock, valued at approximately $531,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Marshall Wace LLP raised its holdings in United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company's stock worth $351,681,000 after purchasing an additional 1,901,914 shares during the last quarter. Van ECK Associates Corp boosted its position in United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock worth $232,959,000 after purchasing an additional 1,620,091 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of United Parcel Service by 5,136.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company's stock valued at $147,242,000 after buying an additional 1,059,339 shares in the last quarter. Finally, Interval Partners LP acquired a new position in shares of United Parcel Service during the 1st quarter worth $90,099,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Up 1.1 %

Shares of NYSE UPS traded up $1.43 during midday trading on Friday, hitting $134.07. The stock had a trading volume of 3,337,614 shares, compared to its average volume of 3,986,738. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. 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 capitalization of $114.84 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.18 and a beta of 0.99. The company has a fifty day moving average price of $132.50 and a 200 day moving average price of $134.76.

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

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service's dividend payout ratio is presently 98.49%.

Analysts Set New Price Targets

UPS has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Evercore ISI lifted their price objective 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. Stephens lowered their target price on United Parcel Service from $168.00 to $140.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 24th. Robert W. Baird cut their price target on United Parcel Service from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Wednesday, July 24th. Finally, Oppenheimer increased their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $151.52.

United Parcel Service Company 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.