Hengehold Capital Management LLC Buys 66,752 Shares of United Parcel Service, Inc. (NYSE:UPS)

Hengehold Capital Management LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 281.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 90,487 shares of the transportation company’s stock after purchasing an additional 66,752 shares during the period. United Parcel Service comprises approximately 1.2% of Hengehold Capital Management LLC’s holdings, making the stock its 22nd largest position. Hengehold Capital Management LLC’s holdings in United Parcel Service were worth $12,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Marshall Wace LLP raised its holdings in shares of United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after purchasing an additional 1,901,914 shares in the last quarter. Spirepoint Private Client LLC bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $160,787,000. Interval Partners LP bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $90,099,000. Maj Invest Holding A S bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $63,604,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of United Parcel Service by 47,670.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,000 shares of the transportation company’s stock valued at $61,582,000 after purchasing an additional 449,058 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.1 %

UPS stock opened at $135.76 on Thursday. The firm’s fifty day simple moving average is $129.82 and its 200-day simple moving average is $136.75. The company has a market capitalization of $116.29 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the company earned $2.54 earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 106.36%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UPS shares. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. UBS Group cut their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Evercore ISI cut their price objective on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Stephens cut their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, BMO Capital Markets cut their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.24.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.