Advisor Partners LLC grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,959 shares of the transportation company’s stock after purchasing an additional 808 shares during the period. Advisor Partners LLC’s holdings in United Parcel Service were worth $1,746,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in UPS. IFG Advisory LLC lifted its position in United Parcel Service by 6.3% during the 3rd quarter. IFG Advisory LLC now owns 7,944 shares of the transportation company’s stock valued at $927,000 after acquiring an additional 470 shares during the period. Montag A & Associates Inc. lifted its position in United Parcel Service by 2.8% during the 2nd quarter. Montag A & Associates Inc. now owns 17,536 shares of the transportation company’s stock valued at $1,863,000 after acquiring an additional 471 shares during the period. Bridge Creek Capital Management LLC lifted its position in United Parcel Service by 1.4% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 36,252 shares of the transportation company’s stock valued at $4,232,000 after acquiring an additional 485 shares during the period. First Allied Advisory Services Inc. lifted its position in United Parcel Service by 2.9% during the 2nd quarter. First Allied Advisory Services Inc. now owns 17,469 shares of the transportation company’s stock valued at $1,849,000 after acquiring an additional 492 shares during the period. Finally, Stanley Laman Group Ltd. lifted its position in United Parcel Service by 7.2% during the 2nd quarter. Stanley Laman Group Ltd. now owns 7,427 shares of the transportation company’s stock valued at $789,000 after acquiring an additional 496 shares during the period. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
UPS has been the subject of a number of recent research reports. Loop Capital lifted their price target on shares of United Parcel Service to $145.00 and gave the company a “positive” rating in a research report on Friday, September 14th. Goldman Sachs Group set a $147.00 target price on shares of United Parcel Service and gave the stock a “buy” rating in a report on Tuesday, October 30th. Morgan Stanley decreased their target price on shares of United Parcel Service from $92.00 to $87.00 and set a “sell” rating for the company in a report on Tuesday. KeyCorp began coverage on shares of United Parcel Service in a report on Thursday, September 27th. They issued a “sector weight” rating for the company. They noted that the move was a valuation call. Finally, UBS Group decreased their target price on shares of United Parcel Service from $137.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $125.33.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, hitting analysts’ consensus estimates of $1.82. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. During the same period in the previous year, the business posted $1.45 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be paid a $0.91 dividend. The ex-dividend date is Friday, November 16th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.41%. United Parcel Service’s dividend payout ratio is presently 60.57%.
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United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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