Hudson Canyon Capital Management Has $1.72 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Hudson Canyon Capital Management grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,650 shares of the transportation company’s stock after acquiring an additional 1,350 shares during the quarter. Hudson Canyon Capital Management’s holdings in United Parcel Service were worth $1,721,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Venturi Wealth Management LLC boosted its holdings in shares of United Parcel Service by 34.3% in the fourth quarter. Venturi Wealth Management LLC now owns 13,952 shares of the transportation company’s stock valued at $1,759,000 after buying an additional 3,566 shares during the period. D.A. Davidson & CO. boosted its stake in United Parcel Service by 5.4% in the 4th quarter. D.A. Davidson & CO. now owns 214,533 shares of the transportation company’s stock worth $27,053,000 after purchasing an additional 11,054 shares during the period. Empower Advisory Group LLC increased its holdings in United Parcel Service by 2.1% during the 4th quarter. Empower Advisory Group LLC now owns 821,821 shares of the transportation company’s stock worth $103,632,000 after purchasing an additional 16,850 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of United Parcel Service by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 137,490 shares of the transportation company’s stock valued at $17,337,000 after purchasing an additional 576 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of United Parcel Service by 0.7% in the fourth quarter. Sanctuary Advisors LLC now owns 114,130 shares of the transportation company’s stock valued at $13,114,000 after purchasing an additional 775 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Oppenheimer lifted their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Loop Capital reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Stock Performance

NYSE UPS opened at $116.37 on Tuesday. The company has a market capitalization of $99.31 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.50 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The stock has a fifty day simple moving average of $124.53 and a 200 day simple moving average of $128.77.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business earned $2.47 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be given a dividend of $1.64 per share. The ex-dividend date is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.64%. United Parcel Service’s dividend payout ratio is 96.45%.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.