Insight Inv LLC Invests $2.22 Million in United Parcel Service, Inc. (NYSE:UPS)

Insight Inv LLC purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,203 shares of the transportation company's stock, valued at approximately $2,222,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in United Parcel Service during the 4th quarter worth approximately $1,075,393,000. Raymond James Financial Inc. purchased a new position in shares of United Parcel Service in the fourth quarter valued at approximately $393,680,000. Franklin Resources Inc. boosted its stake in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Finally, Amundi increased its position in shares of United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock worth $1,272,600,000 after purchasing an additional 1,277,328 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Raymond James Financial lowered their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Stifel Nicolaus lowered their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Thursday, May 1st. Finally, Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Trading Down 0.2%

Shares of UPS stock traded down $0.23 during trading hours on Monday, hitting $100.95. The company had a trading volume of 5,445,876 shares, compared to its average volume of 5,189,622. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $85.48 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. The company's fifty day moving average is $98.18 and its 200 day moving average is $110.44. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The firm's quarterly revenue was down .9% compared to the same quarter last year. Research 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.50%. United Parcel Service's dividend payout ratio is presently 95.63%.

United Parcel Service 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.