Frank Rimerman Advisors LLC Invests $3.64 Million in United Parcel Service, Inc. $UPS

Frank Rimerman Advisors LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 36,734 shares of the transportation company’s stock, valued at approximately $3,644,000.

Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its position in 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 buying an additional 1,799,882 shares in the last quarter. Invesco Ltd. increased its position in shares of United Parcel Service by 45.4% in the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after acquiring an additional 1,789,467 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of United Parcel Service by 94.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock valued at $231,388,000 after acquiring an additional 1,119,372 shares during the period. Victory Capital Management Inc. raised its stake in shares of United Parcel Service by 10.5% in the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after acquiring an additional 761,217 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of United Parcel Service by 130.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,303,804 shares of the transportation company’s stock valued at $131,606,000 after acquiring an additional 737,858 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $98.20 on Wednesday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week 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. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.49 and a beta of 1.08. The stock has a 50 day moving average of $107.76 and a 200-day moving average of $99.01.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the company posted $2.75 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. As a group, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Oppenheimer upped their price target on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Stifel Nicolaus boosted their price objective on United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Citigroup decreased their target price on United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Sanford C. Bernstein increased their target price on United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Finally, HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $113.67.

United Parcel Service 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.