Foundations Investment Advisors LLC Acquires 1,648 Shares of United Parcel Service, Inc. (NYSE:UPS)

Foundations Investment Advisors LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,857 shares of the transportation company’s stock after acquiring an additional 1,648 shares during the quarter. Foundations Investment Advisors LLC’s holdings in United Parcel Service were worth $2,162,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Marshall Wace LLP increased its holdings in United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after buying an additional 1,901,914 shares during the period. Spirepoint Private Client LLC bought a new position in United Parcel Service in the 1st quarter valued at about $160,787,000. Interval Partners LP bought a new position in United Parcel Service in the 1st quarter valued at about $90,099,000. Maj Invest Holding A S bought a new position in United Parcel Service in the 2nd quarter valued at about $63,604,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in United Parcel Service by 47,670.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 450,000 shares of the transportation company’s stock valued at $61,582,000 after buying an additional 449,058 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on UPS. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Evercore ISI raised their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday. Stephens decreased their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday. Finally, BMO Capital Markets lowered their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.05.

United Parcel Service Trading Up 0.1 %

Shares of NYSE UPS opened at $131.41 on Thursday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day moving average price of $130.54 and a two-hundred day moving average price of $136.15. The stock has a market cap of $112.43 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 earnings per share. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.44 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

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.