Olstein Capital Management L.P. Acquires 10,000 Shares of United Parcel Service, Inc. (NYSE:UPS)

Olstein Capital Management L.P. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 14.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,000 shares of the transportation company’s stock after purchasing an additional 10,000 shares during the quarter. United Parcel Service comprises about 1.8% of Olstein Capital Management L.P.’s portfolio, making the stock its 4th biggest position. Olstein Capital Management L.P.’s holdings in United Parcel Service were worth $10,635,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Principal Financial Group Inc. raised its stake in United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Graypoint LLC raised its stake in shares of United Parcel Service by 82.0% in the third quarter. Graypoint LLC now owns 3,052 shares of the transportation company’s stock worth $416,000 after purchasing an additional 1,375 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of United Parcel Service in the third quarter worth about $421,000. Radnor Capital Management LLC acquired a new stake in shares of United Parcel Service during the third quarter worth about $2,507,000. Finally, Catalina Capital Group LLC boosted its position in United Parcel Service by 28.8% in the third quarter. Catalina Capital Group LLC now owns 2,296 shares of the transportation company’s stock valued at $313,000 after buying an additional 513 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

United Parcel Service stock traded up $1.15 during midday trading on Thursday, reaching $135.07. The company had a trading volume of 167,207 shares, compared to its average volume of 4,166,690. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. 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 capitalization of $115.70 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.19 and a beta of 0.99. The firm’s fifty day simple moving average is $131.83 and its 200-day simple moving average is $135.39.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the firm posted $1.57 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.83%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Analyst Ratings Changes

Several analysts have recently commented on UPS shares. Oppenheimer upped their price objective 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. Stifel Nicolaus upped their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, 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 research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

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.