OneDigital Investment Advisors LLC Boosts Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

OneDigital Investment Advisors LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 105.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,190 shares of the transportation company’s stock after acquiring an additional 13,437 shares during the period. OneDigital Investment Advisors LLC’s holdings in United Parcel Service were worth $3,571,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UPS. International Assets Investment Management LLC increased its position in shares of United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after acquiring an additional 14,539,321 shares in the last quarter. Marshall Wace LLP increased its position in shares of United Parcel Service by 284.8% in the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after acquiring an additional 1,901,914 shares in the last quarter. Van ECK Associates Corp increased its position in shares of United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after acquiring an additional 1,620,091 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of United Parcel Service by 5,136.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock worth $147,242,000 after acquiring an additional 1,059,339 shares in the last quarter. Finally, Interval Partners LP acquired a new stake in United Parcel Service during the 1st quarter valued at $90,099,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a 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. Wells Fargo & Company raised their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Trading Up 1.1 %

Shares of UPS stock opened at $134.10 on Friday. The stock has a 50-day simple moving average of $132.37 and a 200 day simple moving average of $134.86. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The stock has a market capitalization of $114.86 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the business posted $1.57 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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