90,000 Shares in United Parcel Service, Inc. (UPS) Purchased by Caxton Associates LP

Caxton Associates LP bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 90,000 shares of the transportation company’s stock, valued at approximately $9,953,000.

A number of other hedge funds have also recently added to or reduced their stakes in UPS. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after purchasing an additional 1,262,293 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of United Parcel Service by 2,550.9% in the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after purchasing an additional 43,351,873 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of United Parcel Service by 4.0% in the 1st quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after purchasing an additional 1,117,802 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of United Parcel Service by 5.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after acquiring an additional 1,246,981 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of United Parcel Service by 0.5% during the 2nd quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after acquiring an additional 71,666 shares in the last quarter. 53.67% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service, Inc. (UPS) traded down $3.35 on Wednesday, hitting $120.37. 3,690,900 shares of the stock traded hands, compared to its average volume of 2,717,011. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $125.16. The company has a market cap of $106,613.23, a P/E ratio of 20.69, a P/E/G ratio of 2.22 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts expect that United Parcel Service, Inc. will post 6.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.37%.

Several equities analysts recently weighed in on UPS shares. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Goldman Sachs Group started coverage on shares of United Parcel Service in a report on Monday, November 13th. They set a “buy” rating and a $148.00 target price on the stock. Cowen restated a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a report on Friday, August 25th. Finally, Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $135.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and an average price target of $121.45.

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About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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