Mutual Advisors LLC Buys 7,524 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mutual Advisors LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 35.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,865 shares of the transportation company’s stock after purchasing an additional 7,524 shares during the quarter. Mutual Advisors LLC’s holdings in United Parcel Service were worth $3,993,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in United Parcel Service during the second quarter worth approximately $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service during the second quarter worth approximately $32,000. Centerpoint Advisors LLC lifted 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 worth $32,000 after buying an additional 175 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the last quarter. Finally, PSI Advisors LLC lifted its holdings in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

United Parcel Service stock opened at $133.79 on Thursday. The business’s 50-day simple moving average is $131.24 and its 200 day simple moving average is $135.72. The stock has a market cap of $114.60 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.03 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 quick ratio of 1.25, a current 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 (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The business 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 37.38% and a net margin of 6.25%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.41 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UPS. Oppenheimer upped their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday. Barclays reiterated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Robert W. Baird cut their target price on 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. Evercore ISI upped their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.71.

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.