AlphaCrest Capital Management LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,642 shares of the transportation company’s stock, valued at approximately $648,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Orrstown Financial Services Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth about $29,000. Reilly Financial Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth about $29,000. Larson Financial Group LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth about $29,000. Financial Advantage Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth about $39,000. Finally, Private Ocean LLC increased its stake in shares of United Parcel Service by 55.3% during the fourth quarter. Private Ocean LLC now owns 466 shares of the transportation company’s stock worth $45,000 after acquiring an additional 166 shares during the period. 54.46% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Richard N. Peretz sold 9,112 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $111.18, for a total value of $1,013,072.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Teri P. Mcclure sold 5,000 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
A number of research analysts have recently issued reports on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Standpoint Research assumed coverage on shares of United Parcel Service in a research note on Wednesday, December 26th. They set a “buy” rating and a $89.89 price target on the stock. Morgan Stanley lowered their target price on shares of United Parcel Service from $92.00 to $87.00 and set a “sell” rating on the stock in a research report on Tuesday, December 4th. Bank of America restated a “neutral” rating and set a $112.00 target price (down from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Finally, Credit Suisse Group upped their target price on shares of United Parcel Service from $104.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $123.41.
Shares of UPS opened at $110.86 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.14 and a debt-to-equity ratio of 6.56. The company has a market cap of $93.62 billion, a P/E ratio of 15.31, a PEG ratio of 1.66 and a beta of 1.18. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 31st. The transportation company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.03. The business had revenue of $19.85 billion for the quarter, compared to the consensus estimate of $19.92 billion. United Parcel Service had a net margin of 6.67% and a return on equity of 254.74%. During the same quarter in the prior year, the firm posted $1.67 earnings per share. On average, equities analysts predict that United Parcel Service, Inc. will post 7.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th were paid a dividend of $0.96 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Monday, February 25th. This represents a $3.84 annualized dividend and a dividend yield of 3.46%. United Parcel Service’s dividend payout ratio is presently 50.28%.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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