United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Graypoint LLC

Graypoint LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,373 shares of the transportation company’s stock after purchasing an additional 321 shares during the period. Graypoint LLC’s holdings in United Parcel Service were worth $425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC lifted its stake in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. PSI Advisors LLC boosted its stake in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC grew its holdings in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in United Parcel Service during the 3rd quarter worth approximately $36,000. Finally, Meeder Asset Management Inc. lifted its holdings in United Parcel Service by 271.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock worth $54,000 after buying an additional 288 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on UPS shares. Stifel Nicolaus boosted 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. Oppenheimer increased their price target on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Evercore ISI boosted 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. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their price objective on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.10.

United Parcel Service Stock Down 2.7 %

Shares of NYSE:UPS opened at $123.38 on Friday. 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 cap of $105.29 billion, a P/E ratio of 18.64, a P/E/G ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a 1-year low of $122.01 and a 1-year high of $161.47. The firm has a fifty day moving average price of $129.54 and a 200 day moving average price of $131.21.

United Parcel Service (NYSE:UPS) last released 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 quarter last year, the company posted $1.57 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. Sell-side analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Insider Activity at United Parcel Service

In other 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 sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

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.