Tidal Investments LLC Buys 7,240 Shares of United Parcel Service, Inc. (NYSE:UPS)

Tidal Investments LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 26.8% during the third quarter, Holdings Channel.com reports. The fund owned 34,255 shares of the transportation company’s stock after purchasing an additional 7,240 shares during the quarter. Tidal Investments LLC’s holdings in United Parcel Service were worth $4,670,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its stake in United Parcel Service by 1,061.1% in 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 in the last quarter. Cohen Investment Advisors LLC lifted its holdings in shares of United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after buying an additional 3,835 shares during the period. Weaver C. Barksdale & Associates Inc. grew its position in shares of United Parcel Service by 71.8% during the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock worth $1,988,000 after buying an additional 6,073 shares in the last quarter. Investors Research Corp increased its stake in shares of United Parcel Service by 89.0% during the third quarter. Investors Research Corp now owns 10,939 shares of the transportation company’s stock valued at $1,491,000 after buying an additional 5,150 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in shares of United Parcel Service by 2,351.8% in the third quarter. Benjamin Edwards Inc. now owns 146,811 shares of the transportation company’s stock valued at $20,018,000 after acquiring an additional 140,823 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

Shares of UPS stock opened at $128.76 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a market capitalization of $109.88 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The business has a fifty day moving average of $132.94 and a 200 day moving average of $132.78.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 7.48 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 $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPS. TD Cowen started coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI boosted their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Susquehanna upped their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Bank of America lifted their price target on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.29.

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.