International Assets Investment Management LLC Has $1.99 Billion Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

International Assets Investment Management LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 15,779.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 14,631,461 shares of the transportation company’s stock after purchasing an additional 14,539,321 shares during the period. International Assets Investment Management LLC’s holdings in United Parcel Service were worth $1,994,853,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearbridge Investments LLC lifted its position in shares of United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after purchasing an additional 406,248 shares during the period. Bank of New York Mellon Corp lifted its position in shares of United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after purchasing an additional 20,426 shares during the period. American Century Companies Inc. lifted its position in shares of United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after purchasing an additional 393,434 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of United Parcel Service by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after purchasing an additional 101,349 shares during the period. Finally, Capital World Investors lifted its position in shares of United Parcel Service by 9.6% in the 1st quarter. Capital World Investors now owns 3,011,299 shares of the transportation company’s stock worth $447,569,000 after purchasing an additional 263,313 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPS. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Robert W. Baird dropped their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Susquehanna dropped their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Bank of America dropped 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 research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.05.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $131.41 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $112.56 billion, a PE ratio of 21.44, a P/E/G ratio of 1.93 and a beta of 0.99. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a 50-day moving average price of $130.54 and a two-hundred day moving average price of $136.15.

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

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

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.