3,100 Shares in United Parcel Service, Inc. $UPS Acquired by Bluefin Capital Management LLC

Key Points

• Bluefin Capital Management LLC acquired 3,100 shares of United Parcel Service, Inc. for approximately $341,000 in the first quarter, indicating strong institutional interest in the company.
• CEO Carol B. Tome significantly increased her holdings by purchasing 11,682 shares valued at over $1 million, reflecting confidence in the company’s prospects.
• Several brokerages have recently adjusted their price targets on UPS, with Morgan Stanley lowering its target from $80.00 to $75.00 and still giving the stock an "underweight" rating.

Bluefin Capital Management LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,100 shares of the transportation company's stock, valued at approximately $341,000.

A number of other large investors also recently bought and sold shares of UPS. Graybill Wealth Management LTD. acquired a new position in United Parcel Service in the first quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the fourth quarter valued at approximately $27,000. Citizens National Bank Trust Department lifted its holdings in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares during the period. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Hemington Wealth Management lifted its holdings in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after acquiring an additional 115 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In other news, CEO Carol B. Tome purchased 11,682 shares of the stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director owned 500 shares of the company's stock, valued at approximately $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock worth $1,477,382 over the last ninety days. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UPS. Morgan Stanley decreased their price target on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a report on Wednesday, July 30th. Evercore ISI cut their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a research report on Wednesday, July 30th. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Wolfe Research cut their price objective on 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, Barclays cut their price objective on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $112.59.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $84.41 on Wednesday. United Parcel Service, Inc. has a one year low of $83.05 and a one year high of $145.01. The company has a market cap of $71.54 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.55 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The business's 50 day moving average price is $92.44 and its 200 day moving average price is $99.52.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its 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). The firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.79 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business 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 was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.