United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 64.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,394 shares of the transportation company’s stock after purchasing an additional 2,111 shares during the period. GAMMA Investing LLC’s holdings in United Parcel Service were worth $738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. Northwest Financial Advisors purchased a new position in United Parcel Service during the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new stake in United Parcel Service in the fourth quarter worth approximately $31,000. Bourgeon Capital Management LLC bought a new stake in United Parcel Service in the fourth quarter worth approximately $31,000. Finally, Security National Bank bought a new stake in United Parcel Service in the fourth quarter worth approximately $31,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

UPS traded down $1.51 during trading hours on Monday, hitting $126.55. The stock had a trading volume of 3,251,278 shares, compared to its average volume of 4,265,559. The company’s fifty day simple moving average is $136.28 and its 200 day simple moving average is $144.50. United Parcel Service, Inc. has a 1 year low of $124.80 and a 1 year high of $184.33. The stock has a market cap of $108.27 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.54 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.64 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird cut their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets cut their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Bank of America dropped their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Evercore ISI lowered their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. Finally, Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $154.95.

Insider Activity

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

About United Parcel Service

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.