Biechele Royce Advisors Has $14.89 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Biechele Royce Advisors boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,205 shares of the transportation company’s stock after buying an additional 8,393 shares during the period. United Parcel Service accounts for approximately 4.9% of Biechele Royce Advisors’ portfolio, making the stock its 9th largest position. Biechele Royce Advisors’ holdings in United Parcel Service were worth $14,889,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in UPS. Chicago Partners Investment Group LLC increased its stake in shares of United Parcel Service by 8.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,420 shares of the transportation company’s stock worth $581,000 after acquiring an additional 359 shares in the last quarter. Murphy Pohlad Asset Management LLC boosted its position in shares of United Parcel Service by 2.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 27,779 shares of the transportation company’s stock worth $3,787,000 after purchasing an additional 535 shares in the last quarter. Shepherd Financial Partners LLC grew its stake in shares of United Parcel Service by 16.4% in the 3rd quarter. Shepherd Financial Partners LLC now owns 3,601 shares of the transportation company’s stock worth $491,000 after buying an additional 507 shares during the last quarter. Silver Coast Investments LLC increased its position in United Parcel Service by 108.2% during the 3rd quarter. Silver Coast Investments LLC now owns 4,363 shares of the transportation company’s stock valued at $595,000 after buying an additional 2,267 shares in the last quarter. Finally, Absher Wealth Management LLC boosted its holdings in United Parcel Service by 26.7% in the third quarter. Absher Wealth Management LLC now owns 4,643 shares of the transportation company’s stock worth $633,000 after acquiring an additional 977 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group raised their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets lowered their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Barclays restated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Finally, TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Trading Down 0.0 %

Shares of UPS stock traded down $0.01 during trading hours on Friday, reaching $134.05. 2,266,708 shares of the stock were exchanged, compared to its average volume of 3,651,343. The firm has a market capitalization of $114.82 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company’s 50-day moving average price is $131.51 and its 200-day moving average price is $135.63. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating 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 firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is presently 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.