Murphy Pohlad Asset Management LLC Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Murphy Pohlad Asset Management LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,779 shares of the transportation company’s stock after purchasing an additional 535 shares during the quarter. United Parcel Service accounts for 1.6% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 21st largest position. Murphy Pohlad Asset Management LLC’s holdings in United Parcel Service were worth $3,787,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Shepherd Financial Partners LLC boosted its stake in shares of United Parcel Service by 16.4% in the third quarter. Shepherd Financial Partners LLC now owns 3,601 shares of the transportation company’s stock worth $491,000 after buying an additional 507 shares during the last quarter. Silver Coast Investments LLC boosted its stake in shares of United Parcel Service by 108.2% in the third quarter. Silver Coast Investments LLC now owns 4,363 shares of the transportation company’s stock worth $595,000 after buying an additional 2,267 shares during the last quarter. Absher Wealth Management LLC boosted its stake in shares of United Parcel Service by 26.7% in the third quarter. Absher Wealth Management LLC now owns 4,643 shares of the transportation company’s stock worth $633,000 after buying an additional 977 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of United Parcel Service by 27.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,305 shares of the transportation company’s stock worth $314,000 after buying an additional 498 shares during the last quarter. Finally, Hi Line Capital Management LLC purchased a new stake in shares of United Parcel Service in the third quarter worth about $5,994,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on UPS shares. Stephens lowered their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Bank of America upped their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. TD Cowen started coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Finally, 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, October 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.71.

United Parcel Service Price Performance

NYSE:UPS opened at $134.05 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 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The stock has a market cap of $114.82 billion, a PE ratio of 20.25, a P/E/G ratio of 2.21 and a beta of 0.99. The stock has a 50 day moving average price of $131.51 and a 200 day moving average price of $135.63.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS 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 firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.86%. United Parcel Service’s payout ratio 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.