Sittner & Nelson LLC Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

Sittner & Nelson LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 29.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,854 shares of the transportation company’s stock after buying an additional 888 shares during the period. Sittner & Nelson LLC’s holdings in United Parcel Service were worth $526,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at $28,000. Riverview Trust Co purchased a new position in shares of United Parcel Service during the second quarter valued at $32,000. Centerpoint Advisors LLC boosted its position in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. Tortoise Investment Management LLC boosted its position in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares in the last quarter. Finally, PSI Advisors LLC boosted its position in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UPS. UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America raised their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective 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. Evercore ISI raised their price objective on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus raised their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Stock Performance

Shares of UPS stock opened at $134.17 on Friday. The business has a fifty day moving average of $131.83 and a 200 day moving average of $135.39. The firm has a market capitalization of $114.93 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. 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 (NYSE:UPS) last issued its quarterly earnings data 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 during 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 company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share 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 issued a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.