1248 Management LLC Has $904,000 Stake in United Parcel Service, Inc. $UPS

Key Points

• 1248 Management LLC increased its stake in United Parcel Service (UPS) by 352%, owning 8,218 shares valued at approximately $904,000.
• United Parcel Service recently reported quarterly earnings of $1.55 per share, missing consensus estimates by $0.01, while revenue for the quarter was down 2.7% year-over-year.
• UPS declared a quarterly dividend of $1.64 per share, representing an annualized amount of $6.56 with a yield of 7.8%.

1248 Management LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 352.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,218 shares of the transportation company's stock after purchasing an additional 6,400 shares during the period. 1248 Management LLC's holdings in United Parcel Service were worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Graybill Wealth Management LTD. bought a new stake in United Parcel Service in the first quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $27,000. Citizens National Bank Trust Department boosted its holdings in shares of 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 worth $27,000 after buying an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $28,000. Finally, Hemington Wealth Management raised its position in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $84.64 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock's 50-day moving average is $91.62 and its 200 day moving average is $99.19. The stock has a market cap of $71.74 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.54 and a beta of 1.08. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01.

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

United Parcel Service Announces Dividend

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

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of the business's stock in a transaction dated 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 transaction, the director owned 500 shares in the company, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares in the company, valued at approximately $878,840. The trade was a 96.90% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UPS shares. UBS Group lowered their target price on United Parcel Service from $124.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Galvan Research decreased their target price on 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. Morgan Stanley cut their price target on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a research note on Wednesday, July 30th. Wall Street Zen upgraded United Parcel Service from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Finally, BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a research note on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $112.34.

United Parcel Service Company 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.

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