Stratos Investment Management LLC Has $963,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Stratos Investment Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 16.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,066 shares of the transportation company’s stock after acquiring an additional 1,007 shares during the period. Stratos Investment Management LLC’s holdings in United Parcel Service were worth $963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP increased its stake in United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after purchasing an additional 1,901,914 shares in the last quarter. Spirepoint Private Client LLC acquired a new stake in shares of United Parcel Service in the 1st quarter worth about $160,787,000. Interval Partners LP bought a new position in United Parcel Service in the 1st quarter valued at about $90,099,000. Maj Invest Holding A S acquired a new position in United Parcel Service during the 2nd quarter valued at about $63,604,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in United Parcel Service by 47,670.7% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,000 shares of the transportation company’s stock worth $61,582,000 after purchasing an additional 449,058 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $135.94 on Friday. The company has a 50-day moving average price of $130.21 and a two-hundred day moving average price of $136.66. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $116.44 billion, a PE ratio of 22.18, a P/E/G ratio of 1.98 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is presently 106.36%.

Insider Activity

In other news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Oppenheimer cut their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Bank of America reduced their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Susquehanna dropped their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, UBS Group dropped their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.24.

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.