Lecap Asset Management Ltd. Buys 730 Shares of United Parcel Service, Inc. (NYSE:UPS)

Lecap Asset Management Ltd. raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 24,466 shares of the transportation company’s stock after acquiring an additional 730 shares during the period. United Parcel Service accounts for about 0.7% of Lecap Asset Management Ltd.’s portfolio, making the stock its 28th biggest position. Lecap Asset Management Ltd.’s holdings in United Parcel Service were worth $3,336,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service during the second quarter valued at about $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service during the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC lifted its position 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 in the last quarter. Stephens Consulting LLC boosted 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 worth $33,000 after buying an additional 200 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on UPS. Stephens dropped their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. TD Cowen began coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. Oppenheimer reduced their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI boosted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.05.

Insider Buying and Selling

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $131.33 on Wednesday. The company’s 50-day moving average price is $130.44 and its 200-day moving average price is $136.19. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market cap of $112.49 billion, a price-to-earnings ratio of 21.42, 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 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the company posted $2.54 EPS. The business’s revenue was down 1.1% on a year-over-year basis. On average, equities analysts expect that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued 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 payout ratio is currently 106.36%.

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.