Landscape Capital Management L.L.C. Raises Position in United Parcel Service, Inc. $UPS

Landscape Capital Management L.L.C. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 32.5% in the third quarter, Holdings Channel reports. The firm owned 75,113 shares of the transportation company’s stock after buying an additional 18,440 shares during the period. Landscape Capital Management L.L.C.’s holdings in United Parcel Service were worth $6,274,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in UPS. Norges Bank acquired a new stake in United Parcel Service in the second quarter worth about $851,842,000. Laurel Wealth Advisors LLC grew its stake in shares of United Parcel Service by 11,517.3% during the second quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock worth $252,695,000 after acquiring an additional 2,481,864 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of United Parcel Service by 78.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after acquiring an additional 1,799,882 shares in the last quarter. Invesco Ltd. boosted its stake in United Parcel Service by 45.4% in the 2nd quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after purchasing an additional 1,789,467 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in United Parcel Service by 94.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after purchasing an additional 1,119,372 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on United Parcel Service from $99.00 to $107.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. BMO Capital Markets increased their price objective on United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Finally, BNP Paribas Exane lowered United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price on the stock. in a research report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $113.67.

United Parcel Service Stock Performance

UPS traded down $0.21 during midday trading on Friday, hitting $97.68. 604,176 shares of the company were exchanged, compared to its average volume of 6,316,006. The company’s 50 day simple moving average is $110.12 and its 200 day simple moving average is $97.81. The firm has a market capitalization of $82.94 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.08. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.45.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The business had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.7%. United Parcel Service’s payout ratio is presently 100.00%.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.