Werlinich Asset Management LLC Buys 190 Shares of United Parcel Service, Inc. (NYSE:UPS)

Werlinich Asset Management LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,350 shares of the transportation company’s stock after purchasing an additional 190 shares during the period. United Parcel Service accounts for approximately 1.3% of Werlinich Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Werlinich Asset Management LLC’s holdings in United Parcel Service were worth $2,229,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. TruNorth Capital Management LLC purchased a new stake in United Parcel Service during the second quarter valued at approximately $28,000. Pineridge Advisors LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $31,000. Riverview Trust Co acquired a new position in United Parcel Service during the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC boosted its holdings in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares in the last quarter. Finally, Stephens Consulting LLC grew its stake in shares of United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This represents a 3,100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $131.20 on Tuesday. The company has a 50 day moving average price of $128.89 and a 200-day moving average price of $137.64. 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 cap of $112.25 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the company posted $2.54 EPS. The company’s revenue was down 1.1% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.97%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UPS shares. Oppenheimer lowered their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. TD Cowen initiated coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Barclays cut their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company reduced their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, UBS Group dropped their price target on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.68.

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.