Y Intercept Hong Kong Ltd Purchases 117,046 Shares of United Parcel Service, Inc. $UPS

Y Intercept Hong Kong Ltd increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 701.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,739 shares of the transportation company’s stock after buying an additional 117,046 shares during the period. Y Intercept Hong Kong Ltd’s holdings in United Parcel Service were worth $11,171,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd raised its position in shares of United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in United Parcel Service in the second quarter valued at approximately $26,000. Salzhauer Michael acquired a new stake in United Parcel Service in the third quarter worth $31,000. RMG Wealth Management LLC acquired a new stake in United Parcel Service in the second quarter worth $34,000. Finally, FNY Investment Advisers LLC bought a new position in shares of United Parcel Service during the second quarter worth $34,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 1.2%

NYSE UPS opened at $108.02 on Friday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $136.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. The stock has a 50 day moving average of $100.47 and a 200-day moving average of $93.45. The company has a market cap of $91.65 billion, a PE ratio of 16.70, a PEG ratio of 2.36 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter last year, the company posted $1.76 earnings per share. United Parcel Service’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.1%. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

Analysts Set New Price Targets

UPS has been the topic of several research analyst reports. UBS Group raised their price objective on United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Stifel Nicolaus raised their price target on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Sanford C. Bernstein lifted their price objective on United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Citigroup lifted their price target on shares of United Parcel Service from $120.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.84.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.