United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 25.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,457 shares of the transportation company’s stock after purchasing an additional 5,444 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in United Parcel Service were worth $3,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Eaton Financial Holdings Company LLC acquired a new stake in shares of United Parcel Service in the third quarter valued at approximately $1,021,000. Te Ahumairangi Investment Management Ltd grew its holdings in United Parcel Service by 12.2% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 17,236 shares of the transportation company’s stock valued at $2,337,000 after buying an additional 1,880 shares during the last quarter. Diamant Asset Management Inc. increased its position in United Parcel Service by 2.8% during the third quarter. Diamant Asset Management Inc. now owns 4,060 shares of the transportation company’s stock worth $554,000 after buying an additional 110 shares in the last quarter. Soltis Investment Advisors LLC raised its holdings in shares of United Parcel Service by 5.4% in the third quarter. Soltis Investment Advisors LLC now owns 33,580 shares of the transportation company’s stock worth $4,578,000 after acquiring an additional 1,719 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of United Parcel Service by 1.5% in the third quarter. Rehmann Capital Advisory Group now owns 15,845 shares of the transportation company’s stock valued at $2,160,000 after acquiring an additional 229 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on UPS shares. Evercore ISI lifted their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Oppenheimer lifted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Barclays reissued an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Bank of America lifted their target price 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. Finally, Susquehanna increased their price target on United Parcel Service from $135.00 to $140.00 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, seven have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $151.29.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $129.12 on Thursday. The business’s 50-day simple moving average is $133.02 and its 200 day simple moving average is $132.88. The company has a market cap of $110.19 billion, a P/E ratio of 19.50, a PEG ratio of 2.06 and a beta of 0.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share 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 business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service 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 completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.