United Parcel Service, Inc. $UPS Shares Acquired by Assetmark Inc.

Assetmark Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS) by 14.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,419 shares of the transportation company’s stock after purchasing an additional 10,233 shares during the period. Assetmark Inc.’s holdings in United Parcel Service were worth $6,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Evelyn Partners Investment Management Europe Ltd boosted its stake in United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in United Parcel Service during the 2nd quarter valued at approximately $34,000. FNY Investment Advisers LLC bought a new position in United Parcel Service during the 2nd quarter worth $34,000. Finally, Salzhauer Michael acquired a new stake in United Parcel Service in the third quarter worth $31,000. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.9%

Shares of United Parcel Service stock opened at $119.15 on Tuesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $123.70. The company has a market cap of $101.09 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.89 and a beta of 1.10. The company has a current ratio of 1.22, a quick ratio of 1.30 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average price of $106.50 and a 200 day moving average price of $95.01.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. The company had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $2.75 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be given a $1.64 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.5%. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analyst Weigh In

UPS has been the subject of several analyst reports. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group lifted their price objective on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $113.67.

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.