Sei Investments Co. Raises Position in United Parcel Service, Inc. (NYSE:UPS)

Sei Investments Co. raised its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 408,065 shares of the transportation company’s stock after purchasing an additional 18,814 shares during the quarter. Sei Investments Co.’s holdings in United Parcel Service were worth $79,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Gleason Group Inc. increased its position in shares of United Parcel Service by 0.9% during the first quarter. Gleason Group Inc. now owns 6,166 shares of the transportation company’s stock valued at $1,196,000 after acquiring an additional 53 shares during the last quarter. Oak Harbor Wealth Partners LLC increased its position in shares of United Parcel Service by 0.3% during the first quarter. Oak Harbor Wealth Partners LLC now owns 17,501 shares of the transportation company’s stock valued at $3,395,000 after acquiring an additional 53 shares during the last quarter. Cornell Pochily Investment Advisors Inc. increased its position in shares of United Parcel Service by 2.6% during the first quarter. Cornell Pochily Investment Advisors Inc. now owns 2,135 shares of the transportation company’s stock valued at $414,000 after acquiring an additional 55 shares during the last quarter. Cigna Investments Inc. New increased its position in shares of United Parcel Service by 0.6% during the fourth quarter. Cigna Investments Inc. New now owns 9,106 shares of the transportation company’s stock valued at $1,583,000 after acquiring an additional 56 shares during the last quarter. Finally, Paragon Private Wealth Management LLC increased its position in shares of United Parcel Service by 0.8% during the fourth quarter. Paragon Private Wealth Management LLC now owns 7,234 shares of the transportation company’s stock valued at $1,258,000 after acquiring an additional 56 shares during the last quarter. 58.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Nando Cesarone sold 22,825 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the sale, the insider now owns 1 shares in the company, valued at $171.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.12% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS stock traded down $1.33 on Friday, reaching $168.07. The company’s stock had a trading volume of 819,323 shares, compared to its average volume of 3,286,495. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.97. United Parcel Service, Inc. has a 12-month low of $154.87 and a 12-month high of $200.96. The company has a market capitalization of $143.61 billion, a P/E ratio of 14.68, a PEG ratio of 1.74 and a beta of 1.07. The stock’s 50 day simple moving average is $178.77 and its 200-day simple moving average is $179.91.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.05. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $23.04 billion. During the same quarter last year, the business posted $3.29 earnings per share. The firm’s revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts predict that United Parcel Service, Inc. will post 9.7 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were given a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $6.48 dividend on an annualized basis and a yield of 3.86%. United Parcel Service’s payout ratio is 56.20%.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on United Parcel Service to $203.00 in a research report on Wednesday, July 26th. Credit Suisse Group reduced their price objective on United Parcel Service from $204.00 to $194.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. Loop Capital lowered United Parcel Service from a “buy” rating to a “hold” rating and reduced their price objective for the company from $210.00 to $195.00 in a report on Wednesday, August 9th. Atlantic Securities initiated coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating and a $162.00 price objective for the company. Finally, Oppenheimer increased their price objective on United Parcel Service from $188.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $189.54.

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.