United Parcel Service, Inc. (NYSE:UPS) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 586,735 shares of the transportation company’s stock after acquiring an additional 17,378 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of United Parcel Service worth $79,995,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the 2nd quarter worth approximately $28,000. Riverview Trust Co acquired a new position in United Parcel Service during the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UPS shares. Wells Fargo & Company upped their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Susquehanna increased their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Barclays restated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Stock Performance

Shares of UPS opened at $135.69 on Thursday. The company has a 50-day simple moving average of $133.34 and a 200-day simple moving average of $133.96. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $115.79 billion, a PE ratio of 20.50, a P/E/G ratio of 2.26 and a beta of 0.99. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $22.10 billion. During the same period last year, the firm posted $1.57 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.81%. United Parcel Service’s dividend payout ratio (DPR) is currently 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.