Tealwood Asset Management Inc. Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Tealwood Asset Management Inc. bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,427 shares of the transportation company’s stock, valued at approximately $2,240,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. TruNorth Capital Management LLC acquired a new stake in United Parcel Service during the second quarter worth $28,000. Pineridge Advisors LLC acquired a new stake in United Parcel Service during the fourth quarter worth $31,000. Riverview Trust Co acquired a new stake in United Parcel Service during the second quarter worth $32,000. Centerpoint Advisors LLC boosted its position in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the period. Finally, Stephens Consulting LLC boosted its position 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 buying an additional 200 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of several research analyst reports. TD Cowen initiated coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Barclays lowered their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Stephens lowered their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Robert W. Baird lowered their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, BMO Capital Markets lowered their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.68.

United Parcel Service Stock Performance

UPS stock traded down $0.54 during trading on Tuesday, hitting $130.66. The company had a trading volume of 530,240 shares, compared to its average volume of 4,225,125. The firm has a market cap of $111.79 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a 50-day moving average price of $128.95 and a 200-day moving average price of $137.47. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the previous year, the firm posted $2.54 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

Insiders Place Their Bets

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

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.