CMG Global Holdings LLC Has $5.58 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

CMG Global Holdings LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,098 shares of the transportation company’s stock after buying an additional 2,440 shares during the quarter. United Parcel Service accounts for 3.1% of CMG Global Holdings LLC’s holdings, making the stock its 6th biggest position. CMG Global Holdings LLC’s holdings in United Parcel Service were worth $5,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its stake 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 purchasing an additional 14,539,321 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in United Parcel Service by 833.4% during 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 purchasing an additional 1,851,900 shares during the last quarter. Van ECK Associates Corp boosted its position in United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $2,989,609,000 after purchasing an additional 1,320,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of 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 purchasing an additional 1,059,339 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Down 14.1 %

NYSE UPS opened at $114.94 on Friday. United Parcel Service, Inc. has a 1 year low of $109.62 and a 1 year high of $158.95. The stock has a market capitalization of $98.09 billion, a PE ratio of 17.36, a PEG ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50-day moving average is $129.05 and its 200 day moving average is $130.72.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same period last year, the company posted $2.47 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.5 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer boosted their price objective 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. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $130.00 in a research note on Friday. Wells Fargo & Company decreased their price target on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Evercore ISI raised their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.00.

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.