Benin Management CORP Buys 1,382 Shares of United Parcel Service, Inc. (NYSE:UPS)

Benin Management CORP lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,590 shares of the transportation company’s stock after purchasing an additional 1,382 shares during the period. United Parcel Service accounts for approximately 1.1% of Benin Management CORP’s holdings, making the stock its 15th largest holding. Benin Management CORP’s holdings in United Parcel Service were worth $3,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RFG Advisory LLC raised its stake in United Parcel Service by 49.9% during the 1st quarter. RFG Advisory LLC now owns 6,459 shares of the transportation company’s stock worth $960,000 after buying an additional 2,149 shares during the period. Douglas Lane & Associates LLC raised its stake in United Parcel Service by 6.1% during the 1st quarter. Douglas Lane & Associates LLC now owns 3,247 shares of the transportation company’s stock worth $483,000 after buying an additional 188 shares during the period. Range Financial Group LLC raised its stake in United Parcel Service by 3.5% during the 1st quarter. Range Financial Group LLC now owns 3,421 shares of the transportation company’s stock worth $508,000 after buying an additional 116 shares during the period. Southland Equity Partners LLC raised its stake in United Parcel Service by 22.8% during the 1st quarter. Southland Equity Partners LLC now owns 2,125 shares of the transportation company’s stock worth $316,000 after buying an additional 394 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in United Parcel Service during the 1st quarter worth $20,029,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on UPS. Baird R W raised United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. BMO Capital Markets dropped their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI dropped their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Citigroup began coverage on United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Insider Activity

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. This represents a 3,100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Performance

NYSE UPS traded down $2.94 during trading on Monday, reaching $132.99. 1,049,811 shares of the company’s stock were exchanged, compared to its average volume of 4,171,544. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The business has a 50 day moving average price of $130.21 and a 200-day moving average price of $136.46. 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 stock has a market capitalization of $113.92 billion, a P/E ratio of 21.79, a PEG ratio of 2.00 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its earnings results 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 net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period in the previous year, the company posted $2.54 EPS. United Parcel Service’s revenue for the quarter was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

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.