Quadrature Capital Ltd Takes Position in United Parcel Service, Inc. (NYSE:UPS)

Quadrature Capital Ltd purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,137 shares of the transportation company’s stock, valued at approximately $2,608,000.

Several other hedge funds have also modified their holdings of UPS. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the second quarter worth $28,000. True Wealth Design LLC raised its holdings in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Riverview Trust Co acquired a new position in United Parcel Service during the second quarter worth $32,000. Centerpoint Advisors LLC raised its holdings in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

UPS stock opened at $125.59 on Friday. The stock has a 50-day moving average price of $133.49 and a two-hundred day moving average price of $133.35. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market cap of $107.17 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on UPS shares. Susquehanna lifted their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group cut their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Bank of America boosted their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Company 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.