Fox Run Management L.L.C. Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Fox Run Management L.L.C. increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 187.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,660 shares of the transportation company's stock after purchasing an additional 4,345 shares during the period. Fox Run Management L.L.C.'s holdings in United Parcel Service were worth $733,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service in the first quarter valued at $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $27,000. Citizens National Bank Trust Department grew its position in United Parcel Service by 525.0% during 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 purchased a new stake in United Parcel Service during the fourth quarter valued at about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in United Parcel Service during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 0.0%

NYSE:UPS opened at $88.52 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a one year low of $84.28 and a one year high of $145.01. The business's 50-day simple moving average is $97.24 and its 200 day simple moving average is $102.82. The stock has a market cap of $74.96 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 1.62 and a beta of 1.12.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate 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 business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the firm posted $1.79 EPS. The company's revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Insider Buying and Selling

In other news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This represents a 96.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $85.67 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. BNP Paribas raised United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Susquehanna lowered their price target on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Jefferies Financial Group lowered their price target on United Parcel Service from $150.00 to $130.00 in a research report on Wednesday, April 30th. Stephens lowered their price target on United Parcel Service from $110.00 to $101.00 in a research report on Wednesday, April 30th. Finally, Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $112.81.

About United Parcel Service

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.