Advantage Trust Co Invests $68,000 in United Parcel Service, Inc. (NYSE:UPS)

Advantage Trust Co bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 500 shares of the transportation company’s stock, valued at approximately $68,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Marshall Wace LLP increased its holdings in shares of United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after purchasing an additional 1,901,914 shares during the period. Van ECK Associates Corp raised its stake in shares of United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after purchasing an additional 1,620,091 shares in the last quarter. Spirepoint Private Client LLC acquired a new position in United Parcel Service during the 1st quarter valued at about $160,787,000. Finally, Assenagon Asset Management S.A. raised its position in shares of United Parcel Service by 5,136.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock worth $147,242,000 after buying an additional 1,059,339 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.3 %

NYSE UPS traded down $1.71 on Friday, reaching $132.44. The stock had a trading volume of 3,111,704 shares, compared to its average volume of 3,797,139. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The business has a 50 day moving average price of $132.06 and a 200 day moving average price of $135.20. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $113.45 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.17 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm 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 revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 earnings per share. On average, analysts forecast that United Parcel Service, Inc. will post 7.48 EPS 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 given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.92%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, UBS Group boosted their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.