United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Financial Partners Group LLC

Financial Partners Group LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 10.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 29,131 shares of the transportation company’s stock after buying an additional 2,812 shares during the quarter. United Parcel Service accounts for about 1.5% of Financial Partners Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Financial Partners Group LLC’s holdings in United Parcel Service were worth $3,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis purchased a new position in United Parcel Service in the first quarter valued at $121,000. Cohen Investment Advisors LLC increased its stake in shares of United Parcel Service by 26.4% in 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 in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in 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 worth $8,853,000 after purchasing an additional 6,502 shares during the period. Nvwm LLC raised its holdings in United Parcel Service by 3.7% in the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after purchasing an additional 96 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. boosted its position in United Parcel Service by 71.8% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock worth $1,988,000 after purchasing an additional 6,073 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 5.3 %

Shares of UPS opened at $138.35 on Friday. 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 stock has a market capitalization of $118.51 billion, a PE ratio of 22.57, a P/E/G ratio of 1.93 and a beta of 0.99. The company’s 50-day simple moving average is $130.54 and its 200-day simple moving average is $136.15. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.11. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. Analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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 dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.71%. United Parcel Service’s dividend payout ratio (DPR) is 106.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UPS. Oppenheimer reduced their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Citigroup began coverage on shares of United Parcel Service in a research report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday. Finally, Evercore ISI lifted their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday. Two investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.05.

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.