Dynamic Technology Lab Private Ltd Grows Position in United Parcel Service, Inc. $UPS

Dynamic Technology Lab Private Ltd increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 323.3% in the third quarter, Holdings Channel.com reports. The fund owned 19,124 shares of the transportation company’s stock after purchasing an additional 14,606 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in United Parcel Service were worth $1,597,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. CFS Investment Advisory Services LLC increased its holdings in United Parcel Service by 2.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock worth $372,000 after buying an additional 108 shares during the period. Center for Financial Planning Inc. lifted its stake in United Parcel Service by 4.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock valued at $214,000 after acquiring an additional 112 shares during the period. Wealth Advisory Solutions LLC boosted its holdings in shares of United Parcel Service by 2.3% in the 3rd quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after acquiring an additional 118 shares during the last quarter. Winch Advisory Services LLC boosted its holdings in shares of United Parcel Service by 37.3% in the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 124 shares during the last quarter. Finally, Country Trust Bank increased its stake in shares of United Parcel Service by 4.8% in the second quarter. Country Trust Bank now owns 2,747 shares of the transportation company’s stock worth $277,000 after acquiring an additional 125 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 1.7%

UPS stock opened at $102.35 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $123.70. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s fifty day moving average is $110.08 and its 200 day moving average is $97.53. The firm has a market cap of $86.91 billion, a PE ratio of 15.60, a P/E/G ratio of 1.62 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.4%. United Parcel Service’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on UPS shares. Jefferies Financial Group raised their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Sanford C. Bernstein upped their price target on shares of United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Stifel Nicolaus lifted their price objective on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Finally, Bank of America upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.67.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.