9,164 Shares in United Parcel Service, Inc. $UPS Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new stake in United Parcel Service, Inc. (NYSE:UPSFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,164 shares of the transportation company’s stock, valued at approximately $765,000.

A number of other institutional investors also recently modified their holdings of UPS. Banco Santander S.A. grew its stake in shares of United Parcel Service by 34.2% during the third quarter. Banco Santander S.A. now owns 20,651 shares of the transportation company’s stock valued at $1,725,000 after purchasing an additional 5,263 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in United Parcel Service by 3.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,503,367 shares of the transportation company’s stock worth $125,576,000 after buying an additional 44,159 shares in the last quarter. Lansing Street Advisors bought a new position in United Parcel Service in the 3rd quarter valued at $289,000. Integrated Advisors Network LLC increased its stake in shares of United Parcel Service by 27.2% in the 3rd quarter. Integrated Advisors Network LLC now owns 14,152 shares of the transportation company’s stock valued at $1,182,000 after buying an additional 3,022 shares during the period. Finally, DNB Asset Management AS increased its stake in shares of United Parcel Service by 3.3% in the 3rd quarter. DNB Asset Management AS now owns 290,096 shares of the transportation company’s stock valued at $24,232,000 after buying an additional 9,272 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UPS. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Jefferies Financial Group upped their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Stephens raised their target price on shares of United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus increased their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.67.

Read Our Latest Analysis on UPS

Key United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Price Performance

UPS opened at $116.65 on Friday. The stock has a market cap of $98.96 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.80 and a beta of 1.11. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $123.70. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. The company has a fifty day simple moving average of $108.97 and a 200 day simple moving average of $96.53.

United Parcel Service (NYSE:UPSGet Free Report) last posted 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 firm had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.75 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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