Lee Danner & Bass Inc. Purchases 59,468 Shares of United Parcel Service, Inc. $UPS

Lee Danner & Bass Inc. boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 95.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 121,729 shares of the transportation company’s stock after acquiring an additional 59,468 shares during the period. Lee Danner & Bass Inc.’s holdings in United Parcel Service were worth $10,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Arkadios Wealth Advisors raised its stake in United Parcel Service by 12.1% in the third quarter. Arkadios Wealth Advisors now owns 32,630 shares of the transportation company’s stock valued at $2,726,000 after buying an additional 3,517 shares during the period. American Alpha Advisors LLC boosted its stake in shares of United Parcel Service by 8.7% during the 3rd quarter. American Alpha Advisors LLC now owns 4,488 shares of the transportation company’s stock worth $375,000 after acquiring an additional 361 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of United Parcel Service by 3.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 35,134 shares of the transportation company’s stock worth $3,135,000 after acquiring an additional 1,091 shares during the last quarter. Signature Wealth Management Group raised its stake in United Parcel Service by 1.8% in the 3rd quarter. Signature Wealth Management Group now owns 29,019 shares of the transportation company’s stock valued at $2,424,000 after acquiring an additional 519 shares during the period. Finally, WPG Advisers LLC lifted its holdings in United Parcel Service by 47.7% during the 3rd quarter. WPG Advisers LLC now owns 486 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $106.89 on Tuesday. The company has a market cap of $90.68 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 2.33 and a beta of 1.11. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. 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 stock has a fifty day moving average price of $99.48 and a 200-day moving average price of $93.17.

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

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Analysts Set New Price Targets

UPS has been the topic of several research reports. Sanford C. Bernstein upped their price objective on shares of United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. BNP Paribas cut United Parcel Service from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Wells Fargo & Company increased their target price on United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $111.42.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.