Savvy Advisors Inc. Raises Stake in United Parcel Service, Inc. (NYSE:UPS)

Savvy Advisors Inc. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 14.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,854 shares of the transportation company’s stock after purchasing an additional 233 shares during the quarter. Savvy Advisors Inc.’s holdings in United Parcel Service were worth $253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service in the 2nd quarter worth about $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the second quarter worth approximately $32,000. Centerpoint Advisors LLC grew its holdings in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. Princeton Global Asset Management LLC increased its position in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.8 %

Shares of NYSE:UPS opened at $133.72 on Thursday. The stock has a 50 day moving average of $132.17 and a 200 day moving average of $134.88. The company has a market cap of $114.54 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.14 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 has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

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 analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.88%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UPS. Wells Fargo & Company increased their target price on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Susquehanna increased their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer raised their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, Evercore ISI increased their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.