1248 Management LLC Has $681,000 Holdings in United Parcel Service, Inc. $UPS

Key Points

• 1248 Management LLC increased its stake in United Parcel Service, Inc. (UPS) by 240.6%, acquiring an additional 4,375 shares, bringing its total holdings to 6,193 shares valued at approximately $681,000.
• United Parcel Service recently reported $1.55 earnings per share for the last quarter, missing analyst expectations of $1.56, while the company's revenue was $21.20 billion, exceeding forecasts.
• The company announced a quarterly dividend of $1.64 per share, resulting in an annualized dividend of $6.56 and a yield of 7.5%.

1248 Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 240.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,193 shares of the transportation company's stock after buying an additional 4,375 shares during the quarter. 1248 Management LLC's holdings in United Parcel Service were worth $681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service during the 1st quarter worth about $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service during the 4th quarter valued at about $27,000. Citizens National Bank Trust Department lifted its holdings in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in United Parcel Service during the 4th quarter valued at about $28,000. Finally, Hemington Wealth Management lifted its holdings in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Parcel Service

In related news, Director Christiana Smith Shi acquired 500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the company's stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock worth $1,477,382 over the last ninety days. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Vertical Research reissued a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Galvan Research lowered their price target on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Wall Street Zen cut shares of United Parcel Service from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Wolfe Research lowered their price target on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Finally, Oppenheimer lowered their price target on shares of United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $112.59.

United Parcel Service Stock Down 1.0%

Shares of UPS stock traded down $0.82 during trading on Thursday, reaching $84.47. The company's stock had a trading volume of 9,578,028 shares, compared to its average volume of 6,527,583. The business has a fifty day moving average price of $93.83 and a 200-day moving average price of $100.50. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a market cap of $71.59 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.60 and a beta of 1.08. United Parcel Service, Inc. has a one year low of $83.67 and a one year high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.79 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's dividend payout ratio is 97.62%.

United Parcel Service Profile

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.