Maverick Capital Ltd. Invests $2.15 Million in United Parcel Service, Inc. $UPS

Maverick Capital Ltd. purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,314 shares of the transportation company’s stock, valued at approximately $2,151,000.

Other hedge funds have also recently bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd boosted its position in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in shares of United Parcel Service in the second quarter valued at $26,000. Saudi Central Bank acquired a new position in shares of United Parcel Service during the 1st quarter worth $32,000. Flaharty Asset Management LLC purchased a new stake in shares of United Parcel Service in the 1st quarter worth about $33,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of United Parcel Service in the 2nd quarter worth about $34,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UPS. Wells Fargo & Company raised their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Stephens upgraded shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $110.00.

United Parcel Service Stock Performance

Shares of UPS opened at $100.46 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $85.23 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 2.38 and a beta of 1.11. The company’s 50 day simple moving average is $92.12 and its 200 day simple moving average is $92.67. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $136.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the previous year, the business earned $1.76 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

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.