Victory Capital Management Inc. lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 40.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 787,282 shares of the transportation company’s stock after buying an additional 226,196 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of United Parcel Service worth $131,185,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Lucia Wealth Services LLC lifted its holdings in shares of United Parcel Service by 4.5% in the third quarter. Lucia Wealth Services LLC now owns 9,816 shares of the transportation company’s stock worth $1,636,000 after buying an additional 421 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC bought a new position in shares of United Parcel Service in the third quarter worth approximately $202,000. Banco Santander S.A. grew its holdings in shares of United Parcel Service by 157.1% in the third quarter. Banco Santander S.A. now owns 10,352 shares of the transportation company’s stock worth $1,725,000 after purchasing an additional 6,326 shares during the last quarter. Glassman Wealth Services grew its holdings in shares of United Parcel Service by 15.2% in the third quarter. Glassman Wealth Services now owns 568 shares of the transportation company’s stock worth $95,000 after purchasing an additional 75 shares during the last quarter. Finally, MainStreet Investment Advisors LLC grew its holdings in shares of United Parcel Service by 9.1% in the third quarter. MainStreet Investment Advisors LLC now owns 48,958 shares of the transportation company’s stock worth $8,158,000 after purchasing an additional 4,075 shares during the last quarter. 55.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE UPS traded down $2.30 during midday trading on Tuesday, reaching $166.14. The stock had a trading volume of 39,534 shares, compared to its average volume of 4,611,167. The company has a market capitalization of $145.60 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $178.01. The stock has a 50-day moving average of $168.21 and a 200-day moving average of $136.69. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.24 and a current ratio of 1.24.
United Parcel Service (NYSE:UPS) last issued its earnings results on Wednesday, October 28th. The transportation company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.42. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. During the same period in the prior year, the company posted $2.07 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 6.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Friday, November 13th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, November 12th. United Parcel Service’s dividend payout ratio (DPR) is presently 53.65%.
Several research analysts have recently issued reports on UPS shares. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $177.00 target price on the stock. in a report on Tuesday, September 29th. ValuEngine raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Morgan Stanley raised their price objective 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. KeyCorp raised their price objective on United Parcel Service from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Finally, BMO Capital Markets raised their price objective on United Parcel Service from $135.00 to $140.00 and gave the company an “underperform” rating in a research report on Thursday, October 29th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $157.39.
In related news, Director David P. Abney sold 62,700 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $160.56, for a total transaction of $10,067,112.00. 0.57% of the stock is currently owned by insiders.
About United Parcel Service
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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