Voleon Capital Management LP Raises Stake in United Parcel Service, Inc. $UPS

Voleon Capital Management LP lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 30.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,427 shares of the transportation company’s stock after buying an additional 3,819 shares during the quarter. Voleon Capital Management LP’s holdings in United Parcel Service were worth $1,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gallacher Capital Management LLC purchased a new stake in shares of United Parcel Service during the first quarter worth about $620,000. Garde Capital Inc. purchased a new stake in United Parcel Service in the first quarter valued at approximately $37,000. Golden State Wealth Management LLC grew its holdings in United Parcel Service by 61.3% in the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company’s stock valued at $173,000 after purchasing an additional 599 shares during the period. CWA Asset Management Group LLC grew its holdings in United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock valued at $381,000 after purchasing an additional 193 shares during the period. Finally, Advisor Resource Council purchased a new stake in United Parcel Service in the first quarter valued at approximately $437,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Parcel Service

In other news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at approximately $44,085. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 17,182 shares of company stock valued at $1,477,382. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.8%

Shares of UPS stock opened at $84.32 on Tuesday. The stock has a market cap of $71.47 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a fifty-two week low of $83.05 and a fifty-two week high of $145.01. The firm’s 50 day moving average price is $92.84 and its two-hundred day moving average price is $99.62.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.79 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is presently 97.62%.

Analysts Set New Price Targets

A number of research firms recently issued reports on UPS. Barclays lowered their target price on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. Susquehanna lowered their target price on shares of United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Oppenheimer lowered their target price on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. UBS Group lowered their target price on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $112.59.

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.