Stratos Investment Management LLC Acquires 1,007 Shares of United Parcel Service, Inc. (NYSE:UPS)

Stratos Investment Management LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.6% in the third quarter, HoldingsChannel.com reports. The fund owned 7,066 shares of the transportation company’s stock after purchasing an additional 1,007 shares during the period. Stratos Investment Management LLC’s holdings in United Parcel Service were worth $963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Perpetual Ltd raised its position in shares of United Parcel Service by 6.1% during the 1st quarter. Perpetual Ltd now owns 8,407 shares of the transportation company’s stock valued at $1,250,000 after buying an additional 486 shares in the last quarter. Wedmont Private Capital raised its position in United Parcel Service by 10.3% during the first quarter. Wedmont Private Capital now owns 2,827 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 265 shares in the last quarter. RFG Advisory LLC lifted its stake in United Parcel Service by 49.9% during the first quarter. RFG Advisory LLC now owns 6,459 shares of the transportation company’s stock worth $960,000 after purchasing an additional 2,149 shares during the last quarter. Congress Asset Management Co. MA boosted its holdings in shares of United Parcel Service by 32.0% in the 1st quarter. Congress Asset Management Co. MA now owns 68,651 shares of the transportation company’s stock worth $10,204,000 after purchasing an additional 16,642 shares in the last quarter. Finally, Central Bank & Trust Co. increased its position in shares of United Parcel Service by 7.1% during the 1st quarter. Central Bank & Trust Co. now owns 6,362 shares of the transportation company’s stock valued at $946,000 after purchasing an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UPS shares. Robert W. Baird dropped their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Citigroup initiated coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price on the stock. Evercore ISI decreased 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 research report on Monday, June 24th. UBS Group cut their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group decreased their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Stock Performance

Shares of UPS stock opened at $135.94 on Friday. The firm has a market capitalization of $116.44 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.98 and a beta of 0.99. The stock has a fifty day moving average of $130.21 and a 200 day moving average of $136.66. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a quick ratio of 1.25, 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 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the prior year, the business posted $2.54 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio (DPR) is 106.36%.

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.