Syntax Research Inc. Has $533,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Syntax Research Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 3,770.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,909 shares of the transportation company’s stock after buying an additional 3,808 shares during the quarter. Syntax Research Inc.’s holdings in United Parcel Service were worth $533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. True Wealth Design LLC raised its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. Centerpoint Advisors LLC lifted its stake in shares of United Parcel Service by 291.7% during the 2nd 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 last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares during the period. Tortoise Investment Management LLC grew its stake in 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 during the last quarter. Finally, PSI Advisors LLC raised its holdings in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.0 %

Shares of NYSE:UPS opened at $127.30 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a market capitalization of $108.63 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. The company has a fifty day moving average of $132.81 and a 200-day moving average of $132.59.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the firm posted $1.57 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is currently 98.49%.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

UPS has been the topic of several research reports. Citigroup decreased their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Bank of America upped their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.29.

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.