EntryPoint Capital LLC Acquires 689 Shares of United Parcel Service, Inc. (NYSE:UPS)

EntryPoint Capital LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 251.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 963 shares of the transportation company’s stock after acquiring an additional 689 shares during the quarter. EntryPoint Capital LLC’s holdings in United Parcel Service were worth $143,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service during the 4th quarter worth about $26,000. Life Planning Partners Inc bought a new position in United Parcel Service in the 4th quarter worth about $28,000. Northwest Financial Advisors bought a new position in United Parcel Service in the 4th quarter worth about $28,000. Bourgeon Capital Management LLC bought a new position in United Parcel Service in the 4th quarter worth about $31,000. Finally, Security National Bank bought a new position in United Parcel Service in the 4th quarter worth about $31,000. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday. Bank of America reduced their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday. TD Cowen reduced their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Oppenheimer reduced their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Stephens reduced their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $154.95.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $2.37 during mid-day trading on Friday, hitting $129.45. The stock had a trading volume of 3,051,884 shares, compared to its average volume of 4,202,939. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25. The company has a 50 day moving average of $138.05 and a two-hundred day moving average of $145.91. United Parcel Service, Inc. has a twelve month low of $124.80 and a twelve month high of $189.65. The firm has a market cap of $110.75 billion, a PE ratio of 18.66, a PEG ratio of 1.69 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the business posted $2.54 earnings per share. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. Research analysts predict that United Parcel Service, Inc. will post 8.02 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

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.