United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Ridgewood Investments LLC

Ridgewood Investments LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.9% in the 4th quarter, Holdings Channel reports. The fund owned 13,626 shares of the transportation company’s stock after acquiring an additional 756 shares during the period. United Parcel Service accounts for about 0.8% of Ridgewood Investments LLC’s investment portfolio, making the stock its 24th biggest position. Ridgewood Investments LLC’s holdings in United Parcel Service were worth $1,718,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of UPS. American Century Companies Inc. grew its stake in 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 purchasing an additional 393,434 shares in the last quarter. Qsemble Capital Management LP grew its stake in United Parcel Service by 249.8% in the second quarter. Qsemble Capital Management LP now owns 34,037 shares of the transportation company’s stock worth $4,658,000 after purchasing an additional 24,306 shares in the last quarter. Y.D. More Investments Ltd grew its stake in United Parcel Service by 130.2% in the second quarter. Y.D. More Investments Ltd now owns 1,013 shares of the transportation company’s stock worth $139,000 after purchasing an additional 573 shares in the last quarter. Achmea Investment Management B.V. grew its stake in United Parcel Service by 2.4% in the second quarter. Achmea Investment Management B.V. now owns 87,199 shares of the transportation company’s stock worth $11,933,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors grew its stake in United Parcel Service by 21.7% in the second quarter. Vanguard Capital Wealth Advisors now owns 2,851 shares of the transportation company’s stock worth $390,000 after purchasing an additional 509 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 2.7 %

NYSE UPS traded down $3.47 on Friday, hitting $123.29. 2,054,029 shares of the stock were exchanged, compared to its average volume of 3,611,610. United Parcel Service, Inc. has a 52-week low of $122.01 and a 52-week high of $161.47. 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 company has a market capitalization of $105.21 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 2.11 and a beta of 1.00. The company’s 50-day moving average price is $129.75 and its two-hundred day moving average price is $131.33.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share 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 firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the previous year, the company posted $1.57 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders 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 5.29%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on 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 completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on UPS. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Oppenheimer raised their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lifted their price target on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday. The Goldman Sachs Group cut their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.10.

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.