Bryn Mawr Capital Management LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2,235.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,890 shares of the transportation company's stock after purchasing an additional 151,130 shares during the period. Bryn Mawr Capital Management LLC's holdings in United Parcel Service were worth $19,910,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in UPS. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,779.6% during the third 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 purchasing an additional 14,539,321 shares during the period. Two Sigma Advisers LP increased its stake in shares of United Parcel Service by 833.4% in the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company's stock worth $282,783,000 after buying an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock worth $232,959,000 after buying an additional 1,620,091 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock worth $2,989,609,000 after buying an additional 1,320,921 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake 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 worth $147,242,000 after buying an additional 1,059,339 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on UPS shares. Wells Fargo & Company dropped their price target on shares of United Parcel Service from $150.00 to $128.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Raymond James dropped their price target on shares of United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a research note on Friday, January 31st. Morgan Stanley dropped their price target on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Finally, UBS Group dropped their price target on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $140.73.
Check Out Our Latest Research Report on UPS
Insider Buying and Selling
In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction dated 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 sale, the insider now owns 45,098 shares of the company's stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.
United Parcel Service Stock Performance
Shares of UPS traded down $0.25 during midday trading on Friday, hitting $116.35. 6,455,199 shares of the stock traded hands, compared to its average volume of 7,796,271. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The firm has a market capitalization of $99.38 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The business's 50 day moving average price is $123.21 and its two-hundred day moving average price is $128.33.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the business earned $2.47 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.64%. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is presently 97.04%.
United Parcel Service Profile
(
Free Report)
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.
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