National Asset Management Inc. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,480 shares of the transportation company’s stock after purchasing an additional 366 shares during the quarter. National Asset Management Inc.’s holdings in United Parcel Service were worth $3,080,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. NovaPoint Capital LLC boosted its stake in United Parcel Service by 1.9% during the 3rd quarter. NovaPoint Capital LLC now owns 3,247 shares of the transportation company’s stock valued at $541,000 after purchasing an additional 59 shares in the last quarter. First Midwest Bank Trust Division raised its holdings in United Parcel Service by 2.8% during the third quarter. First Midwest Bank Trust Division now owns 2,290 shares of the transportation company’s stock valued at $382,000 after buying an additional 63 shares in the last quarter. Aries Wealth Management lifted its position in shares of United Parcel Service by 3.5% in the third quarter. Aries Wealth Management now owns 1,931 shares of the transportation company’s stock worth $322,000 after buying an additional 65 shares during the last quarter. Cardinal Capital Management increased its holdings in shares of United Parcel Service by 0.4% during the 3rd quarter. Cardinal Capital Management now owns 17,846 shares of the transportation company’s stock valued at $2,974,000 after acquiring an additional 65 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of United Parcel Service by 2.9% in the 2nd quarter. Cerity Partners LLC now owns 2,442 shares of the transportation company’s stock valued at $271,000 after acquiring an additional 68 shares in the last quarter. 55.67% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on UPS. Berenberg Bank set a $130.00 target price on shares of United Parcel Service and gave the company a “sell” rating in a research note on Tuesday, October 27th. Morgan Stanley raised their price target on United Parcel Service from $70.00 to $74.00 and gave the company an “underweight” rating in a research report on Thursday, October 29th. Citigroup boosted their price objective on United Parcel Service from $150.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $177.00 target price for the company. in a research note on Tuesday, September 29th. Finally, The Goldman Sachs Group lifted their price target on United Parcel Service from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and a consensus target price of $157.39.
Shares of UPS traded down $1.74 on Tuesday, hitting $166.70. The company’s stock had a trading volume of 54,131 shares, compared to its average volume of 4,611,167. The company has a market capitalization of $145.60 billion, a PE ratio of 33.49, a PEG ratio of 3.12 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $178.01. The company has a 50 day moving average price of $168.21 and a 200 day moving average price of $136.69. The company has a debt-to-equity ratio of 5.30, a current ratio of 1.24 and a quick ratio of 1.24.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, October 28th. The transportation company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.42. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. During the same period last year, the company earned $2.07 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 6.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Friday, November 13th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, November 12th. United Parcel Service’s dividend payout ratio is currently 53.65%.
In other United Parcel Service news, Director David P. Abney sold 62,700 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $160.56, for a total value of $10,067,112.00. 0.57% of the stock is owned by corporate insiders.
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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