Ossiam Has $17.27 Million Stake in United Parcel Service, Inc. $UPS

Key Points

• Ossiam increased its stake in United Parcel Service by 87.5% in Q3, buying 96,478 shares to hold 206,705 shares worth approximately $17.27 million.
• Analysts' consensus rating is a Hold with a consensus price target of $113.67, though several firms recently raised their targets and some maintain Buy ratings.
• UPS reported Q EPS of $2.38 (beat by $0.18) on revenue of $24.48 billion (down 3.2% YoY) and pays a quarterly dividend of $1.64, implying a 6.7% yield with a 100% payout ratio.

Ossiam grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 87.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,705 shares of the transportation company's stock after purchasing an additional 96,478 shares during the period. Ossiam's holdings in United Parcel Service were worth $17,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UPS. Vanguard Group Inc. lifted its stake in shares of United Parcel Service by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company's stock valued at $5,619,730,000 after acquiring an additional 372,850 shares during the last quarter. State Street Corp boosted its holdings in United Parcel Service by 1.5% in the second quarter. State Street Corp now owns 30,774,530 shares of the transportation company's stock valued at $3,106,381,000 after acquiring an additional 444,384 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company's stock worth $2,603,459,000 after purchasing an additional 746,667 shares during the last quarter. Norges Bank acquired a new position in shares of United Parcel Service in the 2nd quarter worth approximately $851,842,000. Finally, Victory Capital Management Inc. boosted its stake in shares of United Parcel Service by 10.5% in the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company's stock valued at $667,109,000 after purchasing an additional 761,217 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UPS shares. Stephens boosted their target price on shares of United Parcel Service from $113.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upped their target price on United Parcel Service from $88.00 to $106.00 and gave the company a "hold" rating in a research report on Wednesday, January 28th. Susquehanna lifted their target price on United Parcel Service from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, January 20th. UBS Group raised their price objective on shares of United Parcel Service from $116.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group boosted their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $113.67.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company's stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by insiders.

United Parcel Service Price Performance

UPS stock opened at $97.27 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. The business has a 50-day simple moving average of $110.04 and a two-hundred day simple moving average of $97.88. The company has a market capitalization of $82.59 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the business posted $2.75 earnings per share. The company's quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Tuesday, February 17th. United Parcel Service's payout ratio is presently 100.00%.

About United Parcel Service

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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