Caxton Associates LLP Acquires Shares of 3,297 United Parcel Service, Inc. $UPS

Caxton Associates LLP acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,297 shares of the transportation company's stock, valued at approximately $363,000.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. Brighton Jones LLC lifted its stake in United Parcel Service by 63.8% during 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. Lazard Asset Management LLC boosted its position in United Parcel Service by 52.1% in the 4th quarter. Lazard Asset Management LLC now owns 5,375 shares of the transportation company's stock worth $677,000 after purchasing an additional 1,842 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in United Parcel Service by 10.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,976 shares of the transportation company's stock worth $13,736,000 after purchasing an additional 10,074 shares in the last quarter. Quantinno Capital Management LP boosted its position in United Parcel Service by 14.8% in the 4th quarter. Quantinno Capital Management LP now owns 74,283 shares of the transportation company's stock worth $9,367,000 after purchasing an additional 9,550 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in United Parcel Service by 13.7% in the 4th quarter. ProShare Advisors LLC now owns 106,207 shares of the transportation company's stock worth $13,393,000 after purchasing an additional 12,771 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UPS shares. Morgan Stanley lowered their price objective on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 30th. Evercore ISI lowered their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a research report on Wednesday, July 30th. Bank of America reissued an "underperform" rating and issued a $83.00 price objective (down from $91.00) on shares of United Parcel Service in a report on Thursday. Galvan Research dropped their price objective on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a report on Monday, June 30th. Finally, Argus dropped their price objective on United Parcel Service from $150.00 to $120.00 in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $112.34.

United Parcel Service Price Performance

NYSE:UPS opened at $84.40 on Friday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The stock has a 50 day moving average of $91.22 and a two-hundred day moving average of $98.96. 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 firm has a market cap of $71.53 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate 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 quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Insider Buying and Selling 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 on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Carol B. Tome acquired 11,682 shares of the business'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 acquisition, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,182 shares of company stock worth $1,477,382. Insiders own 0.13% of the company's stock.

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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