Arjuna Capital Purchases New Stake in United Parcel Service, Inc. (NYSE:UPS)

Arjuna Capital purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,969 shares of the transportation company’s stock, valued at approximately $541,000.

Other hedge funds have also bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at $28,000. Riverview Trust Co acquired a new stake in United Parcel Service in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC grew its position in United Parcel Service by 291.7% in 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 period. Princeton Global Asset Management LLC boosted its holdings in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Bank of America lifted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus lifted their price objective 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. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen assumed coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. Finally, Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Price Performance

Shares of UPS traded up $0.26 during midday trading on Wednesday, hitting $130.40. 408,858 shares of the company traded hands, compared to its average volume of 4,156,189. The stock has a 50-day moving average of $132.17 and a 200-day moving average of $134.88. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The firm has a market cap of $111.70 billion, a P/E ratio of 19.66, a PEG ratio of 2.16 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.