Oak Harbor Wealth Partners LLC Grows Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Oak Harbor Wealth Partners LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.0% in the third quarter, Holdings Channel.com reports. The fund owned 18,669 shares of the transportation company’s stock after purchasing an additional 1,051 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in United Parcel Service were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in UPS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in United Parcel Service by 6.7% during the first 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 buying an additional 5,373 shares during the period. Tocqueville Asset Management L.P. boosted its stake in United Parcel Service by 880.2% during the first quarter. Tocqueville Asset Management L.P. now owns 22,232 shares of the transportation company’s stock valued at $3,304,000 after buying an additional 19,964 shares during the period. M&G Plc bought a new stake in United Parcel Service during the first quarter worth about $9,766,000. Mizuho Markets Americas LLC bought a new stake in United Parcel Service during the first quarter worth about $395,000. Finally, Pinkerton Retirement Specialists LLC lifted its stake in United Parcel Service by 62.5% during the first quarter. Pinkerton Retirement Specialists LLC now owns 24,823 shares of the transportation company’s stock worth $3,689,000 after purchasing an additional 9,545 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Performance

United Parcel Service stock opened at $132.64 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $113.62 billion, a P/E ratio of 20.04, a PEG ratio of 2.19 and a beta of 0.99. The stock’s 50 day moving average is $132.27 and its 200 day moving average is $134.88. 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 posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal 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 dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.92%. United Parcel Service’s dividend payout ratio is 98.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets decreased their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Citigroup decreased their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

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.