Redwood Investment Management LLC Purchases 4,308 Shares of United Parcel Service, Inc. $UPS

Key Points

• Redwood Investment Management LLC increased its stake in United Parcel Service, Inc. by 34.2%, owning 16,912 shares valued at approximately $1.86 million.
• Several institutional investors have also adjusted their holdings in UPS, with Brighton Jones LLC growing its stake by 63.8% in the fourth quarter.
• United Parcel Service reported earnings of $1.55 per share for the last quarter, slightly missing analysts' expectations, while announcing a quarterly dividend of $1.64 per share.

Redwood Investment Management LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 34.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,912 shares of the transportation company's stock after acquiring an additional 4,308 shares during the period. Redwood Investment Management LLC's holdings in United Parcel Service were worth $1,860,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new position in United Parcel Service during the 1st quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $27,000. Citizens National Bank Trust Department lifted its position in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares during the period. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service during the 4th quarter valued at about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in United Parcel Service during the 4th quarter valued at about $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS traded up $0.40 on Wednesday, reaching $87.86. The company's stock had a trading volume of 5,472,465 shares, compared to its average volume of 9,412,413. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $74.47 billion, a P/E ratio of 13.07, a PEG ratio of 1.61 and a beta of 1.12. The stock's 50 day simple moving average is $95.15 and its two-hundred day simple moving average is $101.48. United Parcel Service, Inc. has a 12-month low of $84.28 and a 12-month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Analysts Set New Price Targets

A number of research firms have weighed in on UPS. Evercore ISI reduced their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a research note on Wednesday, July 30th. TD Cowen reduced their price objective on shares of United Parcel Service from $117.00 to $107.00 in a research note on Wednesday, April 30th. Citigroup reduced their price objective on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Argus reduced their price objective on shares of United Parcel Service from $150.00 to $120.00 in a research note on Friday, May 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $112.81.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were bought 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 owned 10,160 shares in the company, valued at $878,840. This represents a 96.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the acquisition, the director owned 500 shares of the company's stock, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by insiders.

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.