TSG Advice Partners LLC Makes New Investment in United Parcel Service, Inc. $UPS

by · The Markets Daily

TSG Advice Partners LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,006 shares of the transportation company’s stock, valued at approximately $468,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. One Way Holdings LLC bought a new position in shares of United Parcel Service during the 3rd quarter valued at approximately $13,502,000. Woodmont Investment Counsel LLC raised its holdings in shares of United Parcel Service by 14.4% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 7,586 shares of the transportation company’s stock worth $709,000 after purchasing an additional 952 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of United Parcel Service by 306.4% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,876 shares of the transportation company’s stock worth $1,577,000 after purchasing an additional 12,723 shares during the period. MeadowBrook Investment Advisors LLC raised its holdings in shares of United Parcel Service by 5.6% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,964 shares of the transportation company’s stock worth $402,000 after purchasing an additional 210 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in United Parcel Service in the third quarter valued at approximately $88,263,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore upped their price objective on United Parcel Service from $117.00 to $118.00 in a research note on Wednesday, July 29th. Raymond James Financial raised their target price on United Parcel Service from $127.00 to $131.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $118.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. BMO Capital Markets boosted their target price on United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company upped their price target on United Parcel Service from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.45.

Get Our Latest Analysis on United Parcel Service

United Parcel Service Stock Up 1.3%

Shares of NYSE UPS opened at $109.65 on Tuesday. United Parcel Service, Inc. has a 52 week low of $90.84 and a 52 week high of $122.41. The business has a 50-day simple moving average of $99.34 and a two-hundred day simple moving average of $104.65. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 1.67. The company has a market cap of $93.29 billion, a P/E ratio of 21.09, a P/E/G ratio of 1.89 and a beta of 1.07.

United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.07. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The firm had revenue of $22.90 billion for the quarter, compared to analysts’ expectations of $22.27 billion. During the same period in the prior year, the business posted $1.74 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.28 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $6.56 annualized dividend and a yield of 6.0%. United Parcel Service’s payout ratio is currently 126.15%.

Insider Buying and Selling

In related news, insider Matthew Guffey sold 8,318 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $105.39, for a total transaction of $876,634.02. Following the sale, the insider owned 271 shares of the company’s stock, valued at approximately $28,560.69. This represents a 96.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

About United Parcel Service

(Free Report)

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.

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