Silver Oak Securities Incorporated Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Silver Oak Securities Incorporated raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 18.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,977 shares of the transportation company’s stock after purchasing an additional 620 shares during the quarter. Silver Oak Securities Incorporated’s holdings in United Parcel Service were worth $534,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Natixis bought a new position in United Parcel Service in the first quarter worth about $121,000. Cohen Investment Advisors LLC grew its holdings in shares of United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after acquiring an additional 3,835 shares during the period. Financial Partners Group LLC raised its position in shares of United Parcel Service by 23.9% in the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after acquiring an additional 5,069 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of United Parcel Service by 12.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after purchasing an additional 6,502 shares during the period. Finally, Nvwm LLC lifted its stake in shares of United Parcel Service by 3.7% in the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock valued at $399,000 after purchasing an additional 96 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.7 %

Shares of UPS stock opened at $137.43 on Friday. The stock has a market capitalization of $117.72 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm’s 50 day moving average is $130.89 and its 200 day moving average is $135.98. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.65 by $0.11. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. Research analysts expect that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

Analysts Set New Price Targets

A number of research firms have issued reports on UPS. Oppenheimer decreased their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Barclays reaffirmed an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Citigroup began coverage on United Parcel Service in a research report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target on the stock. Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, UBS Group boosted their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $151.43.

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 express letters, documents, small packages, and palletized freight through air and ground services in the United States.