Allworth Financial LP Boosts Stake in United Parcel Service, Inc. (NYSE:UPS)

Allworth Financial LP raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,851 shares of the transportation company’s stock after acquiring an additional 3,200 shares during the quarter. Allworth Financial LP’s holdings in United Parcel Service were worth $19,204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. 180 Wealth Advisors LLC boosted its holdings in shares of United Parcel Service by 8.3% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,657 shares of the transportation company’s stock valued at $246,000 after buying an additional 127 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in United Parcel Service by 12.6% in the first quarter. Financial Management Professionals Inc. now owns 2,231 shares of the transportation company’s stock valued at $332,000 after acquiring an additional 249 shares in the last quarter. Vicus Capital purchased a new position in United Parcel Service in the first quarter worth $461,000. CRA Financial Services LLC increased its position in shares of United Parcel Service by 3.1% during the first quarter. CRA Financial Services LLC now owns 8,180 shares of the transportation company’s stock worth $1,216,000 after purchasing an additional 248 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of United Parcel Service by 1.6% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 32,965 shares of the transportation company’s stock valued at $4,900,000 after purchasing an additional 524 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on UPS. Bank of America boosted their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday. BMO Capital Markets cut their price objective on shares of 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. The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Susquehanna raised their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.43.

United Parcel Service Stock Down 0.6 %

UPS stock opened at $137.47 on Friday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day moving average is $130.89 and its 200 day moving average is $136.08. The firm has a market cap of $117.75 billion, a PE ratio of 22.43, a P/E/G ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. 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 35.27% and a net margin of 5.87%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.57 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.44 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

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.