Crewe Advisors LLC Buys Shares of 1,675 United Parcel Service, Inc. (NYSE:UPS)

Crewe Advisors LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,675 shares of the transportation company’s stock, valued at approximately $249,000.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of United Parcel Service by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after acquiring an additional 178,394 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after acquiring an additional 8,475,698 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after acquiring an additional 980,317 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of United Parcel Service during the fourth quarter valued at approximately $1,128,322,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on UPS shares. Stifel Nicolaus cut their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday. Susquehanna cut their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the company from $150.00 to $170.00 in a report on Thursday, April 25th. Evercore ISI cut their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Finally, TD Cowen cut their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $154.95.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 1.1 %

Shares of UPS traded down $1.45 during midday trading on Thursday, hitting $127.08. 7,738,113 shares of the stock were exchanged, compared to its average volume of 4,211,027. United Parcel Service, Inc. has a 52-week low of $124.80 and a 52-week high of $189.65. The stock has a fifty day simple moving average of $138.05 and a 200 day simple moving average of $145.91. The firm has a market cap of $108.72 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.65 and a beta of 0.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 34.90% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the business earned $2.54 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 8.14 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were given a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 5.13%. United Parcel Service’s dividend payout ratio is currently 94.49%.

United Parcel Service 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.