United Parcel Service, Inc. $UPS Position Increased by Quinn Opportunity Partners LLC

Key Points

• Quinn Opportunity Partners boosted its stake in United Parcel Service by 940.0%, purchasing an additional 94,000 shares to hold 104,000 shares worth $8.687 million at the end of the reporting period.
• Analysts updated ratings and targets—Oppenheimer raised its target to $115 (outperform), Wells Fargo to $110 (equal weight) and HSBC to a buy—while consensus on MarketBeat is an average rating of Hold with an average target of $113.67.
• UPS beat quarterly expectations with $2.38 EPS (vs. $2.20 est.) and $24.48B revenue (vs. $23.91B) despite revenue declining 3.2% year-over-year, and it pays a quarterly dividend of $1.64 (annual $6.56) implying a 6.7% yield and a 100% payout ratio.

Quinn Opportunity Partners LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 940.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,000 shares of the transportation company's stock after purchasing an additional 94,000 shares during the period. Quinn Opportunity Partners LLC's holdings in United Parcel Service were worth $8,687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CFS Investment Advisory Services LLC lifted its holdings in shares of United Parcel Service by 2.6% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company's stock valued at $372,000 after buying an additional 108 shares during the last quarter. Center for Financial Planning Inc. increased its holdings in United Parcel Service by 4.6% in the third quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company's stock worth $214,000 after buying an additional 112 shares during the last quarter. Regal Investment Advisors LLC increased its holdings in United Parcel Service by 1.6% in the third quarter. Regal Investment Advisors LLC now owns 7,129 shares of the transportation company's stock worth $596,000 after buying an additional 114 shares during the last quarter. Wealth Advisory Solutions LLC raised its position in United Parcel Service by 2.3% during the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company's stock valued at $431,000 after acquiring an additional 118 shares in the last quarter. Finally, Winch Advisory Services LLC raised its position in United Parcel Service by 37.3% during the third quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company's stock valued at $38,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on UPS shares. Oppenheimer boosted their target price on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 28th. Wells Fargo & Company raised their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, January 28th. HSBC raised shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Wednesday, January 28th. BNP Paribas Exane downgraded shares of United Parcel Service from a "neutral" rating to an "underperform" rating and set a $85.00 target price on the stock. in a research report on Tuesday, January 13th. Finally, Weiss Ratings upgraded United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average target price of $113.67.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $97.27 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45. The firm has a fifty day simple moving average of $110.04 and a 200-day simple moving average of $97.88. The stock has a market capitalization of $82.59 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.54 and a beta of 1.08. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. United Parcel Service's revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $2.75 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

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

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Company Profile

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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