BluePath Capital Management LLC Buys New Stake in United Parcel Service, Inc. (NYSE:UPS)

BluePath Capital Management LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the 4th quarter, Holdings Channel.com reports. The firm purchased 2,721 shares of the transportation company’s stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the last quarter. PSI Advisors LLC lifted its holdings in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. FSA Wealth Management LLC acquired a new position in United Parcel Service in the third quarter valued at about $36,000. Finally, Capital Performance Advisors LLP bought a new stake in United Parcel Service during the third quarter worth about $54,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.3 %

NYSE UPS opened at $127.42 on Thursday. 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 12 month low of $121.56 and a 12 month high of $161.35. The company has a market capitalization of $108.74 billion, a PE ratio of 19.25, a P/E/G ratio of 1.73 and a beta of 1.00. The stock has a 50-day simple moving average of $129.22 and a 200 day simple moving average of $131.01.

United Parcel Service (NYSE:UPS) last announced its quarterly 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 business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.57 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UPS shares. Bank of America lifted their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company cut their price objective on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Evercore ISI raised their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $151.10.

United Parcel Service 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.