Atlas Legacy Advisors LLC Buys New Position in United Parcel Service, Inc. (NYSE:UPS)

Atlas Legacy Advisors LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,090 shares of the transportation company’s stock, valued at approximately $264,000.

Several other institutional investors have also added to or reduced their stakes in UPS. International Assets Investment Management LLC boosted its holdings in United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the last quarter. Two Sigma Advisers LP lifted its stake in United Parcel Service by 833.4% in the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after buying an additional 1,851,900 shares during the period. Van ECK Associates Corp lifted its stake in United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after buying an additional 1,620,091 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after buying an additional 1,320,921 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in United Parcel Service by 5,136.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after buying an additional 1,059,339 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 0.4 %

Shares of NYSE:UPS opened at $114.96 on Thursday. The company has a market capitalization of $98.11 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.54 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business has a fifty day moving average price of $123.71 and a two-hundred day moving average price of $128.48. United Parcel Service, Inc. has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm posted $2.47 earnings per share. Analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 97.04%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley dropped their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Oppenheimer boosted their price target on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Evercore ISI boosted their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Raymond James lowered their target price on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.