GSA Capital Partners LLP Acquires 3,035 Shares of United Parcel Service, Inc. (NYSE:UPS)

GSA Capital Partners LLP raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 98.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,111 shares of the transportation company's stock after buying an additional 3,035 shares during the period. GSA Capital Partners LLP's holdings in United Parcel Service were worth $672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. Pacer Advisors Inc. raised its stake in shares of United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock valued at $476,936,000 after acquiring an additional 3,961,255 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $145,846,000. Price T Rowe Associates Inc. MD lifted its stake in shares of United Parcel Service by 19.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after buying an additional 1,064,293 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of United Parcel Service by 316.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock worth $141,581,000 after buying an additional 853,388 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of United Parcel Service by 667.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 822,633 shares of the transportation company's stock worth $103,734,000 after buying an additional 715,396 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on UPS. Argus dropped their target price on shares of United Parcel Service from $150.00 to $120.00 in a report on Friday, May 23rd. Oppenheimer lowered their price target on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday. TD Cowen dropped their price objective on United Parcel Service from $117.00 to $107.00 in a research note on Wednesday, April 30th. Barclays decreased their target price on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a research note on Thursday. Finally, Vertical Research reiterated a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average price target of $112.81.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carol B. Tome acquired 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly 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. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

NYSE:UPS opened at $84.54 on Friday. The stock has a market capitalization of $71.59 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.12. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 1 year low of $84.28 and a 1 year high of $145.01. The firm has a 50 day moving average of $99.32 and a 200-day moving average of $105.99.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 6.34% and a return on equity of 39.61%. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.79 EPS. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. United Parcel Service's dividend payout ratio is currently 97.62%.

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.

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