Krane Funds Advisors LLC Takes $424,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Krane Funds Advisors LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,111 shares of the transportation company’s stock, valued at approximately $424,000.

Other large investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the second quarter worth approximately $28,000. Riverview Trust Co acquired a new stake in United Parcel Service during the second quarter worth about $32,000. Centerpoint Advisors LLC boosted its holdings in 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 purchasing an additional 175 shares during the last quarter. Stephens Consulting LLC grew its stake in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares during the period. Finally, Tortoise Investment Management LLC increased its holdings in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

NYSE UPS opened at $131.33 on Tuesday. The business has a 50 day moving average price of $130.34 and a 200 day moving average price of $136.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $112.49 billion, a P/E ratio of 21.43, a PEG ratio of 2.00 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.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 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 during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the firm earned $2.54 earnings per share. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.96%. United Parcel Service’s dividend payout ratio is presently 106.36%.

Insider Buying and Selling

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction on 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 acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research analyst reports. Citigroup initiated coverage on United Parcel Service in a research report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus decreased their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. TD Cowen initiated coverage on United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Finally, Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $151.05.

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.