2,305 Shares in United Parcel Service, Inc. (UPS) Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,305 shares of the transportation company’s stock, valued at approximately $269,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC grew its position in shares of United Parcel Service by 118.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after buying an additional 600 shares during the period. Advisors Preferred LLC grew its position in shares of United Parcel Service by 845.8% during the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after buying an additional 1,015 shares during the period. Psagot Investment House Ltd. acquired a new position in shares of United Parcel Service during the 3rd quarter worth about $121,000. Country Trust Bank grew its position in shares of United Parcel Service by 78.4% during the 2nd quarter. Country Trust Bank now owns 1,215 shares of the transportation company’s stock worth $129,000 after buying an additional 534 shares during the period. Finally, ELM Advisors LLC acquired a new position in shares of United Parcel Service during the 3rd quarter worth about $140,000. Hedge funds and other institutional investors own 53.74% of the company’s stock.

Shares of UPS opened at $108.69 on Monday. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $101.45 and a 52-week high of $135.53. The company has a market capitalization of $93.39 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 1.63 and a beta of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The business had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. During the same period in the previous year, the firm earned $1.45 EPS. United Parcel Service’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 7.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be given a $0.91 dividend. The ex-dividend date is Friday, November 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.35%. United Parcel Service’s dividend payout ratio is presently 60.57%.

UPS has been the subject of several analyst reports. UBS Group decreased their target price on United Parcel Service from $137.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. Citigroup decreased their target price on United Parcel Service from $134.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 25th. Raymond James decreased their target price on United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 25th. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 target price for the company in a research report on Monday, October 1st. Finally, Berenberg Bank initiated coverage on United Parcel Service in a research report on Friday, September 21st. They set a “hold” rating and a $125.00 target price for the company. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $125.66.

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United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading: Reverse Stock Split

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

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