Inceptionr LLC Acquires New Shares in United Parcel Service, Inc. $UPS

Inceptionr LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,591 shares of the transportation company’s stock, valued at approximately $1,927,000. United Parcel Service accounts for 0.5% of Inceptionr LLC’s portfolio, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. IFC & Insurance Marketing Inc. acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $25,000. Coston McIsaac & Partners raised its position in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 119 shares during the period. Torren Management LLC acquired a new position in United Parcel Service during the fourth quarter worth $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of United Parcel Service during the fourth quarter worth $29,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UPS. UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Stephens upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 8th. Citizens Jmp started coverage on shares of United Parcel Service in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Evercore reduced their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Finally, Sanford C. Bernstein raised their price objective on shares of United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service Stock Down 1.5%

Shares of NYSE UPS opened at $114.06 on Friday. The stock has a market cap of $96.95 billion, a P/E ratio of 18.46, a PEG ratio of 1.84 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The business’s fifty day simple moving average is $107.96 and its 200-day simple moving average is $106.57.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the previous year, the firm posted $1.49 EPS. United Parcel Service’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 5.8%. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.