8,828 Shares in United Parcel Service, Inc. $UPS Purchased by Inceptionr LLC

Inceptionr LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,828 shares of the transportation company’s stock, valued at approximately $737,000.

Several other institutional investors also recently made changes to their positions in UPS. BLVD Private Wealth LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $1,479,000. Strategic Planning Inc. purchased a new stake in United Parcel Service during the third quarter worth $3,885,000. Avantax Advisory Services Inc. grew its stake in United Parcel Service by 14.6% in the 2nd quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock valued at $9,525,000 after acquiring an additional 12,035 shares during the last quarter. Cowa LLC grew its position in shares of United Parcel Service by 329.2% in the second quarter. Cowa LLC now owns 8,785 shares of the transportation company’s stock valued at $887,000 after purchasing an additional 6,738 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in United Parcel Service by 2.0% during the second quarter. J.W. Cole Advisors Inc. now owns 182,836 shares of the transportation company’s stock worth $18,455,000 after buying an additional 3,516 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 2.4%

UPS opened at $99.87 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $84.80 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The business has a 50-day moving average of $110.09 and a two-hundred day moving average of $97.71. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $123.70.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the firm posted $2.75 EPS. The company’s revenue was down 3.2% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.64 per share. 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 6.6%. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UPS. Stephens increased their price objective on United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a research report on Friday, January 9th. JPMorgan Chase & Co. upped their price objective on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. BNP Paribas Exane lowered shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research report on Tuesday, January 13th. Finally, Citigroup lowered their target price on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $113.67.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

United Parcel Service 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.