Platform Technology Partners Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Platform Technology Partners grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,247 shares of the transportation company’s stock after purchasing an additional 321 shares during the quarter. Platform Technology Partners’ holdings in United Parcel Service were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UPS. Headlands Technologies LLC bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $184,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in United Parcel Service by 6.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,286 shares of the transportation company’s stock valued at $12,676,000 after acquiring an additional 5,373 shares in the last quarter. Angeles Wealth Management LLC purchased a new position in shares of United Parcel Service in the 1st quarter valued at $325,000. HBK Sorce Advisory LLC raised its position in shares of United Parcel Service by 6.2% in the 1st quarter. HBK Sorce Advisory LLC now owns 41,908 shares of the transportation company’s stock worth $6,229,000 after acquiring an additional 2,465 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. lifted its stake in shares of United Parcel Service by 41.6% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 85,726 shares of the transportation company’s stock worth $12,741,000 after purchasing an additional 25,170 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Susquehanna lifted their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Robert W. Baird dropped their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Two 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 issued a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Performance

NYSE UPS opened at $130.17 on Wednesday. The stock has a market capitalization of $111.50 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.16 and a beta of 0.99. The stock has a 50-day moving average of $132.12 and a 200 day moving average of $135.01. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for 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%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.01%. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.