Inceptionr LLC Takes Position in United Parcel Service, Inc. $UPS

Inceptionr LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, Holdings Channel reports. The firm bought 8,828 shares of the transportation company’s stock, valued at approximately $737,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Sivia Capital Partners LLC purchased a new stake in United Parcel Service during the 2nd quarter worth $277,000. SVB Wealth LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at $848,000. Penserra Capital Management LLC raised its position in United Parcel Service by 12.2% in the second quarter. Penserra Capital Management LLC now owns 4,041 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 439 shares during the period. Finally, AE Wealth Management LLC lifted its stake in shares of United Parcel Service by 10.9% during the second quarter. AE Wealth Management LLC now owns 49,712 shares of the transportation company’s stock worth $5,018,000 after purchasing an additional 4,885 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 2.4%

UPS stock opened at $99.87 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. The firm has a 50 day simple moving average of $110.09 and a 200-day simple moving average of $97.71. The company has a market capitalization of $84.80 billion, a P/E ratio of 15.22, a PEG ratio of 1.62 and a beta of 1.08. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $123.70.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.75 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.6%. United Parcel Service’s dividend payout ratio is presently 100.00%.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of several analyst reports. Wells Fargo & Company upped their target price on United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. BNP Paribas Exane cut United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target for the company. in a report on Tuesday, January 13th. Stifel Nicolaus increased their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.67.

United Parcel Service Company 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.