Point72 Hong Kong Ltd Has $325,000 Position in United Parcel Service, Inc. (UPS)

Point72 Hong Kong Ltd lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9,835.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,782 shares of the transportation company’s stock after purchasing an additional 2,754 shares during the period. Point72 Hong Kong Ltd’s holdings in United Parcel Service were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in UPS. Greenleaf Trust acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at $393,000. Cedar Capital LLC raised its holdings in United Parcel Service by 38.9% in the 2nd quarter. Cedar Capital LLC now owns 4,621 shares of the transportation company’s stock worth $491,000 after acquiring an additional 1,294 shares during the period. Advisors Preferred LLC raised its holdings in United Parcel Service by 845.8% in the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after acquiring an additional 1,015 shares during the period. Independence Bank of Kentucky raised its holdings in United Parcel Service by 4.7% in the 2nd quarter. Independence Bank of Kentucky now owns 16,788 shares of the transportation company’s stock worth $1,783,000 after acquiring an additional 755 shares during the period. Finally, Anchor Capital Advisors LLC raised its holdings in United Parcel Service by 6.8% in the 2nd quarter. Anchor Capital Advisors LLC now owns 78,134 shares of the transportation company’s stock worth $8,300,000 after acquiring an additional 4,971 shares during the period. 54.07% of the stock is owned by institutional investors and hedge funds.

NYSE:UPS opened at $98.66 on Friday. United Parcel Service, Inc. has a 52-week low of $97.54 and a 52-week high of $135.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.43. The stock has a market cap of $84.77 billion, a PE ratio of 14.13, a P/E/G ratio of 1.48 and a beta of 1.15.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.82. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The company had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.48 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that United Parcel Service, Inc. will post 7.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, November 16th. This represents a $3.64 annualized dividend and a dividend yield of 3.69%. United Parcel Service’s payout ratio is 60.57%.

Several brokerages recently commented on UPS. Morgan Stanley lifted their target price on shares of United Parcel Service from $92.00 to $93.00 and gave the stock a “sell” rating in a report on Tuesday, October 9th. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Credit Suisse Group dropped their target price on shares of United Parcel Service from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Citigroup downgraded shares of United Parcel Service from a “buy” rating to a “neutral” rating in a report on Friday, November 2nd. Finally, Robert W. Baird dropped their target price on shares of United Parcel Service from $128.00 to $124.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $125.33.

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United Parcel Service Company 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: Benefits of owning preferred stock

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

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