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

Optas LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,198 shares of the transportation company’s stock after buying an additional 456 shares during the period. Optas LLC’s holdings in United Parcel Service were worth $277,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in UPS. International Assets Investment Management LLC lifted its holdings in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock worth $282,783,000 after purchasing an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after buying an additional 1,320,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of United Parcel Service by 5,136.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after buying an additional 1,059,339 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on UPS shares. Raymond James lowered their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Barclays reaffirmed an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Stifel Nicolaus decreased their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Oppenheimer lifted their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Loop Capital reduced their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $111.75 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $95.37 billion, a PE ratio of 16.53, a P/E/G ratio of 1.63 and a beta of 0.98. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The business’s fifty day moving average price is $127.78 and its two-hundred day moving average price is $129.93.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm posted $2.47 EPS. On average, research analysts expect that United Parcel Service, Inc. will post 8.61 EPS for the current year.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.