Tidal Investments LLC Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Tidal Investments LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 26.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,255 shares of the transportation company's stock after buying an additional 7,240 shares during the quarter. Tidal Investments LLC's holdings in United Parcel Service were worth $4,670,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock valued at $232,959,000 after acquiring an additional 1,620,091 shares during the last quarter. Cohen Investment Advisors LLC increased its stake in United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company's stock valued at $2,503,000 after purchasing an additional 3,835 shares during the last quarter. Weaver C. Barksdale & Associates Inc. raised its holdings in United Parcel Service by 71.8% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company's stock worth $1,988,000 after purchasing an additional 6,073 shares in the last quarter. Investors Research Corp raised its holdings in United Parcel Service by 89.0% during the third quarter. Investors Research Corp now owns 10,939 shares of the transportation company's stock worth $1,491,000 after purchasing an additional 5,150 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of United Parcel Service by 2,351.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 146,811 shares of the transportation company's stock valued at $20,018,000 after buying an additional 140,823 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $0.22 during trading on Friday, reaching $128.76. The company's stock had a trading volume of 4,284,756 shares, compared to its average volume of 4,187,872. The business has a 50 day moving average price of $132.94 and a 200-day moving average price of $132.78. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market capitalization of $109.88 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. 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 (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate 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 company 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 firm earned $1.57 EPS. The business's revenue was up 5.4% on a year-over-year basis. As a group, sell-side 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. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.06%. United Parcel Service's payout ratio is 98.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stifel Nicolaus lifted their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Barclays reissued an "underweight" rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Evercore ISI raised their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 22nd. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lowered their target price on shares of United Parcel Service from $165.00 to $162.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, seven have assigned 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $151.29.

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.