United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,494 shares of the transportation company’s stock after acquiring an additional 814 shares during the quarter. GAMMA Investing LLC’s holdings in United Parcel Service were worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cigna Investments Inc. New increased its holdings in shares of United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after acquiring an additional 75 shares during the period. Banco Santander S.A. grew its position in United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after purchasing an additional 79 shares during the last quarter. Gleason Group Inc. increased its stake in United Parcel Service by 1.2% in the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after purchasing an additional 80 shares during the period. Tradewinds LLC. increased its stake in United Parcel Service by 1.8% in the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 81 shares during the period. Finally, Horan Capital Advisors LLC. raised its holdings in shares of United Parcel Service by 0.4% in the second quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company’s stock valued at $3,152,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $123.79 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $130.45 and its 200 day moving average price is $131.61. United Parcel Service, Inc. has a 52 week low of $122.01 and a 52 week high of $161.48. The stock has a market cap of $105.64 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.11 and a beta of 1.00.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the business earned $1.57 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.27%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analyst Ratings Changes

UPS has been the topic of several recent research reports. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. UBS Group boosted their target price on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Oppenheimer boosted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, Citigroup reduced their target price on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

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.