United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Gleason Group Inc.

Gleason Group Inc. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,660 shares of the transportation company’s stock after acquiring an additional 84 shares during the period. Gleason Group Inc.’s holdings in United Parcel Service were worth $840,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UPS. True Wealth Design LLC boosted its stake in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. PSI Advisors LLC grew its stake in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC increased its holdings in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of United Parcel Service in the third quarter valued at about $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in United Parcel Service during the third quarter worth about $54,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UPS. Barclays reissued an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Bank of America raised their price objective on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.10.

United Parcel Service Trading Up 1.5 %

United Parcel Service stock opened at $125.14 on Tuesday. The firm has a 50-day moving average price of $129.38 and a two-hundred day moving average price of $131.08. United Parcel Service, Inc. has a 52-week low of $121.56 and a 52-week high of $161.35. The firm has a market capitalization of $106.79 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.11 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

United Parcel Service Profile

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.