Northcape Wealth Management LLC Purchases 582 Shares of United Parcel Service, Inc. (NYSE:UPS)

Northcape Wealth Management LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,112 shares of the transportation company’s stock after purchasing an additional 582 shares during the quarter. Northcape Wealth Management LLC’s holdings in United Parcel Service were worth $2,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Valley Wealth Managers Inc. lifted its position in United Parcel Service by 5.1% during the third quarter. Valley Wealth Managers Inc. now owns 27,319 shares of the transportation company’s stock valued at $3,725,000 after buying an additional 1,317 shares during the period. Empirical Finance LLC lifted its position in United Parcel Service by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 24,995 shares of the transportation company’s stock valued at $3,408,000 after acquiring an additional 525 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in United Parcel Service during the 3rd quarter valued at about $1,510,000. CIBC Asset Management Inc boosted its stake in United Parcel Service by 6.5% during the third quarter. CIBC Asset Management Inc now owns 136,914 shares of the transportation company’s stock worth $18,667,000 after acquiring an additional 8,377 shares in the last quarter. Finally, Intellectus Partners LLC grew its holdings in United Parcel Service by 17.9% in the third quarter. Intellectus Partners LLC now owns 8,694 shares of the transportation company’s stock worth $1,185,000 after purchasing an additional 1,319 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. UBS Group boosted their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group reduced their price target 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. TD Cowen began coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Finally, Robert W. Baird reduced their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Stock Performance

UPS opened at $134.10 on Friday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market cap of $114.86 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.19 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $132.50 and its 200 day moving average is $134.76.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the company posted $1.57 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 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.