Capital Performance Advisors LLP Buys New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Capital Performance Advisors LLP bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 393 shares of the transportation company’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after purchasing an additional 1,620,091 shares during the period. Natixis bought a new stake in United Parcel Service during the 1st quarter valued at approximately $121,000. Cohen Investment Advisors LLC raised its stake in 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 valued at $2,503,000 after purchasing an additional 3,835 shares during the period. Financial Partners Group LLC raised its stake in United Parcel Service by 23.9% during the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after purchasing an additional 5,069 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. raised its stake in United Parcel Service by 71.8% during the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock valued at $1,988,000 after purchasing an additional 6,073 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS opened at $132.44 on Friday. The business has a fifty day moving average of $132.06 and a 200 day moving average of $135.29. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market cap of $113.45 billion, a P/E ratio of 20.01, a PEG ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup assumed coverage on United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target for the company. TD Cowen assumed coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Stifel Nicolaus raised their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, BMO Capital Markets cut their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

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