United Parcel Service, Inc. (NYSE:UPS) Position Boosted by MBB Public Markets I LLC

MBB Public Markets I LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 2,525.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,903 shares of the transportation company’s stock after buying an additional 49,926 shares during the quarter. MBB Public Markets I LLC’s holdings in United Parcel Service were worth $7,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Gilbert & Cook Inc. increased its stake in United Parcel Service by 0.7% during the fourth quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock valued at $11,635,000 after purchasing an additional 540 shares during the last quarter. Aveo Capital Partners LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $218,000. Gryphon Financial Partners LLC boosted its holdings in shares of United Parcel Service by 128.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,028 shares of the transportation company’s stock valued at $493,000 after buying an additional 1,701 shares during the period. TD Asset Management Inc grew its position in shares of United Parcel Service by 6.7% during the 4th quarter. TD Asset Management Inc now owns 290,079 shares of the transportation company’s stock valued at $45,609,000 after buying an additional 18,337 shares during the last quarter. Finally, Avestar Capital LLC raised its stake in United Parcel Service by 30.6% during the fourth quarter. Avestar Capital LLC now owns 2,210 shares of the transportation company’s stock worth $347,000 after acquiring an additional 518 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling

In related news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research reports. Evercore ISI decreased their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Stephens lowered their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Oppenheimer cut their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, Bank of America reduced their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.68.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $134.25 on Friday. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a market cap of $115.00 billion, a P/E ratio of 19.46, a PEG ratio of 1.91 and a beta of 0.99. The stock has a fifty day moving average price of $128.75 and a two-hundred day moving average price of $138.61. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the business earned $2.54 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 94.49%.

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.