Veritable L.P. raised its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 17.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 26,216 shares of the transportation company’s stock after purchasing an additional 3,837 shares during the quarter. Veritable L.P.’s holdings in United Parcel Service were worth $4,699,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Pacific Center for Financial Services bought a new stake in United Parcel Service during the 1st quarter valued at $25,000. Worth Asset Management LLC bought a new position in shares of United Parcel Service during the first quarter valued at about $27,000. Carolina Wealth Advisors LLC boosted its holdings in shares of United Parcel Service by 216.0% during the second quarter. Carolina Wealth Advisors LLC now owns 158 shares of the transportation company’s stock worth $28,000 after purchasing an additional 108 shares during the period. Centerpoint Advisors LLC grew its stake in shares of United Parcel Service by 205.0% in the first quarter. Centerpoint Advisors LLC now owns 183 shares of the transportation company’s stock worth $36,000 after purchasing an additional 123 shares during the last quarter. Finally, Syverson Strege & Co increased its holdings in United Parcel Service by 252.5% during the 1st quarter. Syverson Strege & Co now owns 215 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 58.45% of the company’s stock.
Wall Street Analysts Forecast Growth
UPS has been the topic of a number of recent analyst reports. Oppenheimer cut their price objective on United Parcel Service from $195.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, September 18th. Credit Suisse Group cut their price target on shares of United Parcel Service from $204.00 to $194.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. Bank of America decreased their price objective on shares of United Parcel Service from $177.00 to $167.00 in a report on Friday, September 29th. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $186.00 to $178.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. Finally, StockNews.com began coverage on shares of United Parcel Service in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $188.91.
United Parcel Service Trading Up 3.6 %
United Parcel Service stock opened at $143.11 on Wednesday. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80. The business’s fifty day moving average is $151.21 and its 200 day moving average is $167.01. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $121.92 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The firm had revenue of $21.06 billion during the quarter, compared to analyst estimates of $21.40 billion. United Parcel Service had a net margin of 9.19% and a return on equity of 43.46%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.99 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 8.82 EPS for the current year.
United Parcel Service Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 13th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.53%. United Parcel Service’s dividend payout ratio (DPR) is currently 65.59%.
United Parcel Service Company Profile
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. 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.
- Five stocks we like better than United Parcel Service
- Overbought Stocks Explained: Should You Trade Them?
- Boeing’s future sealed as China resumes order flow
- Why Invest in High-Yield Dividend Stocks?
- Your best bets into China’s race for EV takeover
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Fisker Inc. price implosion; is it time to buy the dip?
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.