One Way Holdings LLC Acquires New Stake in United Parcel Service, Inc. $UPS

One Way Holdings LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 144,501 shares of the transportation company’s stock, valued at approximately $13,502,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID boosted its stake in shares of United Parcel Service by 48.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 101 shares during the period. Wealth Alliance LLC grew its position in shares of United Parcel Service by 3.5% in the 1st quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company’s stock valued at $296,000 after buying an additional 102 shares during the last quarter. Texas Bank & Trust Co lifted its position in United Parcel Service by 1.0% in the first quarter. Texas Bank & Trust Co now owns 10,286 shares of the transportation company’s stock valued at $1,012,000 after acquiring an additional 106 shares during the last quarter. Midland Wealth Advisors LLC boosted its position in shares of United Parcel Service by 3.8% in the 3rd quarter. Midland Wealth Advisors LLC now owns 2,996 shares of the transportation company’s stock valued at $280,000 after purchasing an additional 111 shares during the period. Finally, Syon Capital LLC increased its position in United Parcel Service by 1.6% during the second quarter. Syon Capital LLC now owns 7,252 shares of the transportation company’s stock worth $780,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.1%

NYSE:UPS opened at $108.35 on Monday. The firm has a market capitalization of $92.18 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.94 and a beta of 1.07. United Parcel Service, Inc. has a 1-year low of $90.84 and a 1-year high of $122.41. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The business’s fifty day moving average price is $99.19 and its 200 day moving average price is $104.63.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%. The company had revenue of $22.90 billion during the quarter, compared to analyst estimates of $22.27 billion. During the same quarter last year, the business posted $1.74 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.28 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, August 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio is 126.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on UPS shares. Bank of America upped their price target on shares of United Parcel Service from $108.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 28th. Wall Street Zen raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus lifted their target price on shares of United Parcel Service from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. BNP Paribas Exane lowered their price objective on United Parcel Service from $90.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, September 30th. Finally, Citigroup increased their target price on United Parcel Service from $122.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $118.45.

Insider Buying and Selling at United Parcel Service

In other news, insider Matthew W. Guffey sold 8,318 shares of the firm’s stock in a transaction 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 transaction, the insider owned 271 shares in the company, valued at approximately $28,560.69. This trade represents a 96.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.19% of the company’s stock.

United Parcel Service Company Profile

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.