Aigen Investment Management LP Acquires 4,924 Shares of United Parcel Service, Inc. (NYSE:UPS)

Aigen Investment Management LP increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 115.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,197 shares of the transportation company’s stock after purchasing an additional 4,924 shares during the period. Aigen Investment Management LP’s holdings in United Parcel Service were worth $1,254,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares during the period. Clearbridge Investments LLC boosted its stake in United Parcel Service by 6.5% during the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after buying an additional 406,248 shares during the period. Bank of New York Mellon Corp boosted its stake in United Parcel Service by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after buying an additional 20,426 shares during the period. American Century Companies Inc. boosted its stake in shares of United Parcel Service by 10.5% during the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after purchasing an additional 393,434 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of United Parcel Service by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after purchasing an additional 101,349 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.3 %

United Parcel Service stock traded up $0.37 during trading hours on Tuesday, reaching $131.98. The stock had a trading volume of 172,603 shares, compared to its average volume of 4,159,278. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. The company has a market cap of $113.05 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 2.17 and a beta of 0.99. The business’s 50 day moving average price is $132.12 and its 200-day moving average price is $135.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate 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 will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.94%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. UBS Group boosted their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI boosted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America upped their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.71.

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.