Sittner & Nelson LLC Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Sittner & Nelson LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 29.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,854 shares of the transportation company’s stock after purchasing an additional 888 shares during the quarter. Sittner & Nelson LLC’s holdings in United Parcel Service were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at about $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Tortoise Investment Management LLC increased its position in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares during the last quarter. Finally, PSI Advisors LLC increased its holdings in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $134.17 on Friday. The stock’s fifty day moving average is $131.83 and its 200 day moving average is $135.39. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The firm has a market capitalization of $114.93 billion, a PE ratio of 20.27, a PEG ratio of 2.20 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14.

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

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UPS shares. Citigroup started coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price for the company. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Susquehanna increased their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group dropped their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

About United Parcel Service

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.