United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,066 shares of the transportation company’s stock after acquiring an additional 257 shares during the period. Simon Quick Advisors LLC’s holdings in United Parcel Service were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UPS. International Assets Investment Management LLC increased its stake in shares of United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Two Sigma Advisers LP grew its holdings in United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after buying an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp increased its position in United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after acquiring an additional 1,620,091 shares during the period. Charles Schwab Investment Management Inc. raised its stake in United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in United Parcel Service by 5,136.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock worth $147,242,000 after acquiring an additional 1,059,339 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on UPS shares. Evercore ISI raised their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Oppenheimer increased their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.38.

United Parcel Service Stock Performance

Shares of UPS stock opened at $132.59 on Thursday. The stock’s fifty day simple moving average is $128.97 and its 200-day simple moving average is $130.81. The company has a market capitalization of $113.15 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.87 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.92%. United Parcel Service’s dividend payout ratio is presently 98.49%.

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.