Manske Wealth Management Has $1.46 Million Position in United Parcel Service, Inc. $UPS

Manske Wealth Management boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 145.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,514 shares of the transportation company’s stock after buying an additional 10,374 shares during the quarter. Manske Wealth Management’s holdings in United Parcel Service were worth $1,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of United Parcel Service in the second quarter worth approximately $851,842,000. Laurel Wealth Advisors LLC grew its stake in shares of United Parcel Service by 11,517.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock valued at $252,695,000 after buying an additional 2,481,864 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in United Parcel Service by 78.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after acquiring an additional 1,799,882 shares during the period. Invesco Ltd. increased its stake in United Parcel Service by 45.4% during the 2nd quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock valued at $578,467,000 after purchasing an additional 1,789,467 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of United Parcel Service by 94.8% during the second quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock worth $231,388,000 after acquiring an additional 1,119,372 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by insiders.

United Parcel Service Trading Down 1.3%

Shares of UPS opened at $114.40 on Tuesday. The firm has a 50 day moving average price of $109.52 and a 200-day moving average price of $97.04. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $123.70. The firm has a market cap of $97.14 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.83 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the firm earned $2.75 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 5.7%. United Parcel Service’s dividend payout ratio is presently 100.00%.

Analysts Set New Price Targets

A number of research firms recently commented on UPS. UBS Group increased their price target on United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. BMO Capital Markets upped their price objective on United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. TD Cowen lifted their price target on United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group boosted their price objective on shares of United Parcel Service from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.67.

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.