United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Twin Lakes Capital Management LLC

Twin Lakes Capital Management LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,392 shares of the transportation company’s stock after buying an additional 102 shares during the quarter. United Parcel Service accounts for 1.1% of Twin Lakes Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Twin Lakes Capital Management LLC’s holdings in United Parcel Service were worth $2,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co raised its position in United Parcel Service by 36.5% in the 2nd quarter. Diversified Trust Co now owns 16,157 shares of the transportation company’s stock valued at $2,211,000 after purchasing an additional 4,324 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of United Parcel Service by 8.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 401,463 shares of the transportation company’s stock valued at $54,940,000 after purchasing an additional 31,639 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of United Parcel Service by 154.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 34,706 shares of the transportation company’s stock valued at $4,750,000 after purchasing an additional 21,048 shares in the last quarter. ORG Partners LLC lifted its position in shares of United Parcel Service by 872.8% during the 2nd quarter. ORG Partners LLC now owns 3,220 shares of the transportation company’s stock worth $438,000 after purchasing an additional 2,889 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its holdings in United Parcel Service by 1.8% in the second quarter. Cornerstone Wealth Management LLC now owns 8,690 shares of the transportation company’s stock valued at $1,189,000 after buying an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent analyst reports. UBS Group lifted their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen assumed coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. Evercore ISI upped their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $151.29.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the 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 transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Up 2.3 %

Shares of United Parcel Service stock opened at $128.53 on Tuesday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a market cap of $109.68 billion, a P/E ratio of 19.42, a PEG ratio of 2.06 and a beta of 0.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day moving average of $133.16 and a two-hundred day moving average of $132.96.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (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 firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

United Parcel Service 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.