Alpha DNA Investment Management LLC Grows Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Alpha DNA Investment Management LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,286 shares of the transportation company’s stock after purchasing an additional 217 shares during the period. Alpha DNA Investment Management LLC’s holdings in United Parcel Service were worth $993,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after purchasing an additional 1,320,921 shares in the last quarter. International Assets Investment Management LLC grew its holdings in United Parcel Service by 15,779.6% during the 3rd 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 buying an additional 14,539,321 shares during the last quarter. Bank of New York Mellon Corp increased its position in United Parcel Service by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after buying an additional 20,426 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after acquiring an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of United Parcel Service by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock valued at $611,445,000 after acquiring an additional 101,349 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Susquehanna boosted their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Stock Up 2.6 %

Shares of NYSE:UPS opened at $134.82 on Friday. The stock has a 50-day simple moving average of $132.98 and a 200-day simple moving average of $134.20. The stock has a market capitalization of $115.05 billion, a P/E ratio of 20.37, a PEG ratio of 2.16 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.