United Parcel Service, Inc. (NYSE:UPS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10,980.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 719,555 shares of the transportation company's stock after purchasing an additional 713,061 shares during the period. GAMMA Investing LLC owned about 0.08% of United Parcel Service worth $79,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LaFleur & Godfrey LLC raised its holdings in United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock valued at $785,000 after acquiring an additional 2,401 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of United Parcel Service by 3.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 64,950 shares of the transportation company's stock worth $8,190,000 after purchasing an additional 1,997 shares during the last quarter. Mediolanum International Funds Ltd lifted its position in shares of United Parcel Service by 21.7% during the 4th quarter. Mediolanum International Funds Ltd now owns 31,427 shares of the transportation company's stock worth $3,929,000 after purchasing an additional 5,606 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $40,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of analyst reports. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Oppenheimer reduced their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Citigroup dropped their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Bank of America lifted their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Wolfe Research decreased their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Stock Performance

UPS traded up $0.58 during trading on Wednesday, hitting $98.66. The stock had a trading volume of 2,319,440 shares, compared to its average volume of 6,255,777. The firm has a market capitalization of $83.55 billion, a P/E ratio of 14.59, a PEG ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company's 50-day moving average price is $98.03 and its 200 day moving average price is $114.61.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.65%. United Parcel Service's dividend payout ratio is currently 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.