Commonwealth Equity Services LLC Purchases 11,401 Shares of United Parcel Service, Inc. (NYSE:UPS)

Commonwealth Equity Services LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 505,634 shares of the transportation company’s stock after purchasing an additional 11,401 shares during the period. Commonwealth Equity Services LLC owned about 0.06% of United Parcel Service worth $90,635,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in UPS. Pacific Center for Financial Services bought a new position in United Parcel Service in the 1st quarter worth about $25,000. Worth Asset Management LLC bought a new position in United Parcel Service in the 1st quarter worth about $27,000. Carolina Wealth Advisors LLC grew its stake in United Parcel Service by 216.0% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 158 shares of the transportation company’s stock worth $28,000 after acquiring an additional 108 shares in the last quarter. Centerpoint Advisors LLC grew its stake in United Parcel Service by 205.0% in the 1st quarter. Centerpoint Advisors LLC now owns 183 shares of the transportation company’s stock worth $36,000 after acquiring an additional 123 shares in the last quarter. Finally, Syverson Strege & Co grew its stake in United Parcel Service by 252.5% in the 1st quarter. Syverson Strege & Co now owns 215 shares of the transportation company’s stock worth $42,000 after acquiring an additional 154 shares in the last quarter. 58.45% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $1.07 during midday trading on Friday, reaching $147.98. The company had a trading volume of 3,320,750 shares, compared to its average volume of 4,368,243. The business’s 50-day simple moving average is $150.34 and its 200 day simple moving average is $166.49. The stock has a market cap of $126.07 billion, a P/E ratio of 14.98, a P/E/G ratio of 1.67 and a beta of 1.10. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.04. United Parcel Service had a net margin of 9.19% and a return on equity of 43.46%. The firm had revenue of $21.06 billion during the quarter, compared to analysts’ expectations of $21.40 billion. During the same quarter last year, the company posted $2.99 earnings per share. The firm’s revenue was down 12.8% compared to the same quarter last year. On average, analysts forecast that United Parcel Service, Inc. will post 8.81 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 13th will be issued a dividend of $1.62 per share. The ex-dividend date is Friday, November 10th. This represents a $6.48 annualized dividend and a dividend yield of 4.38%. United Parcel Service’s dividend payout ratio (DPR) is presently 65.59%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UPS. JPMorgan Chase & Co. dropped 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. TheStreet downgraded shares of United Parcel Service from a “b-” rating to a “c” rating in a research note on Thursday, October 26th. Credit Suisse Group dropped their target price on shares of United Parcel Service from $204.00 to $194.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 9th. HSBC assumed coverage on shares of United Parcel Service in a research note on Friday, September 29th. They set a “hold” rating and a $170.00 price objective on the stock. Finally, Evercore ISI dropped their price objective on shares of United Parcel Service from $185.00 to $179.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $188.91.

United Parcel Service 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.