United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by GAM Holding AG

GAM Holding AG raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,513 shares of the transportation company’s stock after acquiring an additional 134 shares during the period. GAM Holding AG’s holdings in United Parcel Service were worth $8,659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Marshall Wace LLP increased its holdings in shares of United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after purchasing an additional 1,901,914 shares in the last quarter. Spirepoint Private Client LLC purchased a new position in shares of United Parcel Service during the 1st quarter valued at approximately $160,787,000. Interval Partners LP purchased a new position in shares of United Parcel Service during the 1st quarter valued at approximately $90,099,000. Maj Invest Holding A S purchased a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $63,604,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of United Parcel Service by 47,670.7% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,000 shares of the transportation company’s stock valued at $61,582,000 after purchasing an additional 449,058 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $131.33 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $112.49 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The firm’s 50-day moving average is $130.44 and its two-hundred day moving average is $136.19. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the company earned $2.54 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.44 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.96%. United Parcel Service’s payout ratio is 106.36%.

Insider Buying and Selling

In other news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UPS. Citigroup began coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. Wells Fargo & Company boosted their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Susquehanna dropped their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.05.

About United Parcel Service

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.