United Parcel Service, Inc. $UPS Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 31.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,616 shares of the transportation company’s stock after acquiring an additional 13,733 shares during the quarter. Vise Technologies Inc.’s holdings in United Parcel Service were worth $5,384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sigma Planning Corp lifted its holdings in shares of United Parcel Service by 37.1% during the first quarter. Sigma Planning Corp now owns 36,722 shares of the transportation company’s stock valued at $3,613,000 after purchasing an additional 9,941 shares in the last quarter. First Trust Advisors LP grew its position in United Parcel Service by 37.4% during the first quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company’s stock valued at $357,231,000 after buying an additional 988,442 shares during the period. Candriam S.C.A. grew its position in shares of United Parcel Service by 29.6% during the 1st quarter. Candriam S.C.A. now owns 91,015 shares of the transportation company’s stock valued at $8,954,000 after acquiring an additional 20,791 shares during the period. National Pension Service grew its holdings in United Parcel Service by 1.5% during the second quarter. National Pension Service now owns 2,379,189 shares of the transportation company’s stock valued at $255,763,000 after purchasing an additional 36,099 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in United Parcel Service by 24.9% in the 1st quarter. D.A. Davidson & CO. now owns 161,007 shares of the transportation company’s stock worth $15,840,000 after acquiring an additional 32,090 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stephens cut their price target on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday. BNP Paribas Exane decreased their price objective on United Parcel Service from $90.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 30th. Bank of America increased their target price on shares of United Parcel Service from $108.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Finally, Raymond James Financial raised their price target on United Parcel Service from $127.00 to $131.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $118.45.

United Parcel Service Price Performance

Shares of UPS opened at $109.65 on Tuesday. The company has a 50 day moving average price of $99.34 and a 200-day moving average price of $104.65. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.24. The stock has a market capitalization of $93.29 billion, a PE ratio of 15.31, a PEG ratio of 1.89 and a beta of 1.07. United Parcel Service, Inc. has a fifty-two week low of $90.84 and a fifty-two week high of $122.41.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.07. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The business had revenue of $22.90 billion for the quarter, compared to analysts’ expectations of $22.27 billion. During the same quarter last year, the firm earned $1.74 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 7.28 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.0%. The ex-dividend date was Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is 126.15%.

Insider Buying and Selling at United Parcel Service

In related news, insider Matthew Guffey sold 8,318 shares of the business’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total transaction of $876,634.02. Following the transaction, the insider directly owned 271 shares in the company, valued at $28,560.69. The trade was a 96.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by insiders.

About United Parcel Service

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.