AlphaQuest LLC Has $388,000 Stock Holdings in United Parcel Service, Inc. $UPS

AlphaQuest LLC decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 50.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,642 shares of the transportation company’s stock after selling 4,779 shares during the quarter. AlphaQuest LLC’s holdings in United Parcel Service were worth $388,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cornerstone Wealth Group LLC increased its holdings in shares of United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 97 shares during the period. CFS Investment Advisory Services LLC grew its position in United Parcel Service by 2.6% during the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock valued at $372,000 after purchasing an additional 108 shares in the last quarter. Wealth Advisory Solutions LLC increased its stake in United Parcel Service by 2.3% in the 3rd quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after buying an additional 118 shares during the period. Westside Investment Management Inc. lifted its position in United Parcel Service by 14.8% in the 2nd quarter. Westside Investment Management Inc. now owns 960 shares of the transportation company’s stock worth $97,000 after buying an additional 124 shares in the last quarter. Finally, Country Trust Bank boosted its stake in shares of United Parcel Service by 4.8% during the 2nd quarter. Country Trust Bank now owns 2,747 shares of the transportation company’s stock valued at $277,000 after buying an additional 125 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on UPS shares. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. Evercore boosted their target price on United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Jefferies Financial Group upped their target price on United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Finally, Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $113.67.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $117.36 on Friday. The stock has a market capitalization of $99.57 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.86 and a beta of 1.11. The business has a 50-day moving average of $103.72 and a two-hundred day moving average of $94.08. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $123.70. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.30.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the firm posted $2.75 EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s payout ratio is presently 100.00%.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

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.