Brooklands Fund Management Ltd Takes Position in United Parcel Service, Inc. $UPS

Brooklands Fund Management Ltd acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,990 shares of the transportation company’s stock, valued at approximately $1,081,000. United Parcel Service accounts for 1.2% of Brooklands Fund Management Ltd’s portfolio, making the stock its 22nd biggest holding.

Several other institutional investors have also recently made changes to their positions in UPS. University of Texas Texas AM Investment Management Co. purchased a new stake in United Parcel Service in the fourth quarter valued at $25,000. IFC & Insurance Marketing Inc. purchased a new position in shares of United Parcel Service during the 4th quarter valued at about $25,000. Coston McIsaac & Partners raised its stake in shares of United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Torren Management LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. Citizens Jmp began coverage on United Parcel Service in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Evercore lowered their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Citigroup lifted their target price on shares of United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Stock Down 1.5%

United Parcel Service stock opened at $114.06 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $96.95 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The business has a 50 day simple moving average of $107.96 and a 200-day simple moving average of $106.57. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm posted $1.49 EPS. The business’s revenue was down 1.4% on a year-over-year basis. On average, analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

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.