Stiles Financial Services Inc Increases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Stiles Financial Services Inc lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,322 shares of the transportation company’s stock after purchasing an additional 1,099 shares during the quarter. Stiles Financial Services Inc’s holdings in United Parcel Service were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP grew its position in shares of United Parcel Service by 186.1% during the 1st quarter. GSA Capital Partners LLP now owns 6,235 shares of the transportation company’s stock worth $927,000 after buying an additional 4,056 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in United Parcel Service by 2.3% during the first quarter. Geneos Wealth Management Inc. now owns 4,549 shares of the transportation company’s stock worth $676,000 after acquiring an additional 101 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in United Parcel Service by 12.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after purchasing an additional 6,502 shares during the period. AIA Group Ltd grew its holdings in United Parcel Service by 130.1% in the first quarter. AIA Group Ltd now owns 14,968 shares of the transportation company’s stock valued at $2,225,000 after purchasing an additional 8,464 shares during the period. Finally, Retirement Planning Co of New England Inc. grew its holdings in United Parcel Service by 30.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 1,976 shares of the transportation company’s stock valued at $294,000 after purchasing an additional 462 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on UPS shares. Stephens reduced their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. The Goldman Sachs Group decreased their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. TD Cowen began coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. UBS Group upped their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus increased their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Trading Down 0.9 %

NYSE:UPS opened at $132.92 on Friday. 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 stock has a market capitalization of $113.86 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.20 and a beta of 0.99. The firm has a fifty day simple moving average of $131.83 and a two-hundred day simple moving average of $135.39. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 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 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.57 earnings per share. Analysts expect 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. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.91%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio is 98.49%.

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.