United Parcel Service, Inc. $UPS Stock Position Increased by 111 Capital

111 Capital boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,461 shares of the transportation company’s stock after purchasing an additional 592 shares during the quarter. 111 Capital’s holdings in United Parcel Service were worth $450,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Graybill Wealth Management LTD. bought a new stake in United Parcel Service in the 1st quarter valued at about $26,000. Citizens National Bank Trust Department increased its stake in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares during the period. Hemington Wealth Management increased its stake in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares during the period. Saudi Central Bank acquired a new position in United Parcel Service during the 1st quarter valued at about $32,000. Finally, Flaharty Asset Management LLC acquired a new position in United Parcel Service during the 1st quarter valued at about $33,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley lowered their target price on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 30th. Vertical Research reissued a “hold” rating and set a $103.00 target price on shares of United Parcel Service in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. Citigroup lowered their target price on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $110.16.

United Parcel Service Stock Performance

Shares of UPS opened at $86.79 on Monday. The firm’s 50 day moving average is $86.20 and its 200-day moving average is $95.17. The stock has a market capitalization of $73.56 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.79 EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal 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 $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.62%.

Insider Transactions at United Parcel Service

In other news, Director Christiana Smith Shi bought 500 shares of the company’s 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 directly owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

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.