Y Intercept Hong Kong Ltd Has $3.76 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Y Intercept Hong Kong Ltd raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 174.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,201 shares of the transportation company's stock after purchasing an additional 21,718 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in United Parcel Service were worth $3,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UPS. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the first quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the fourth quarter worth $27,000. Citizens National Bank Trust Department grew its position in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after buying an additional 210 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UPS. Barclays lowered their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research note on Thursday, July 3rd. Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Galvan Research cut their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Raymond James Financial lowered their price target on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $119.13.

United Parcel Service Stock Up 2.2%

NYSE UPS traded up $2.20 during trading on Tuesday, reaching $101.10. 5,747,403 shares of the company's stock were exchanged, compared to its average volume of 5,276,090. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $145.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $85.61 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21. The company has a 50 day moving average price of $99.85 and a two-hundred day moving average price of $107.91.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service's revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) 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.