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

Headlands Technologies LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 93,535 shares of the transportation company’s stock, valued at approximately $9,441,000. United Parcel Service makes up 1.1% of Headlands Technologies LLC’s portfolio, making the stock its 11th largest position.

Several other large investors have also modified their holdings of the business. MUFG Securities EMEA plc bought a new position in shares of United Parcel Service during the second quarter valued at approximately $219,000. Binnacle Investments Inc lifted its holdings in United Parcel Service by 21.6% during the second quarter. Binnacle Investments Inc now owns 1,031 shares of the transportation company’s stock worth $104,000 after buying an additional 183 shares during the period. Auxier Asset Management boosted its position in United Parcel Service by 1.4% during the 2nd quarter. Auxier Asset Management now owns 15,895 shares of the transportation company’s stock valued at $1,604,000 after acquiring an additional 220 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in shares of United Parcel Service by 3.9% in the 2nd quarter. State of Tennessee Department of Treasury now owns 257,321 shares of the transportation company’s stock valued at $25,974,000 after acquiring an additional 9,692 shares during the period. Finally, Chapman Financial Group LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at $483,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.4%

Shares of United Parcel Service stock opened at $100.91 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 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 $136.99. The firm has a market capitalization of $85.61 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.41 and a beta of 1.11. The firm’s 50 day simple moving average is $92.40 and its two-hundred day simple moving average is $92.68.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.5%. The ex-dividend date was Monday, November 17th. United Parcel Service’s payout ratio is presently 101.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UPS. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Stifel Nicolaus lowered their price target on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. Susquehanna lifted their price objective on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. UBS Group increased their target price on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $110.00.

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.