XTX Topco Ltd Buys Shares of 67,039 United Parcel Service, Inc. (NYSE:UPS)

XTX Topco Ltd bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 67,039 shares of the transportation company’s stock, valued at approximately $7,374,000. United Parcel Service makes up 0.4% of XTX Topco Ltd’s portfolio, making the stock its 15th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new position in United Parcel Service in the first quarter worth $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service in the fourth quarter worth $27,000. Citizens National Bank Trust Department lifted its stake in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service in the fourth quarter worth $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter worth $31,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UPS. Stephens lowered their price target on shares of United Parcel Service from $110.00 to $101.00 in a research note on Wednesday, April 30th. DA Davidson lowered their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Daiwa America lowered their price objective on shares of United Parcel Service from $120.00 to $103.00 in a research note on Wednesday, April 30th. Wells Fargo & Company reissued an “equal weight” rating and issued a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Finally, UBS Group decreased their price target on shares of United Parcel Service from $128.00 to $124.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $116.32.

United Parcel Service Trading Down 2.1%

Shares of UPS stock opened at $101.38 on Tuesday. The firm’s 50 day moving average is $100.06 and its 200 day moving average is $106.94. The stock has a market capitalization of $85.85 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.99 and a beta of 1.21. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $145.01. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.02). United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. Research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio is presently 95.63%.

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.