United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,851 shares of the transportation company’s stock after purchasing an additional 221 shares during the quarter. Metis Global Partners LLC’s holdings in United Parcel Service were worth $4,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service in the second quarter valued at approximately $28,000. Riverview Trust Co bought a new position in United Parcel Service during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Tortoise Investment Management LLC raised its stake in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares in the last quarter. Finally, PSI Advisors LLC lifted its holdings in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $132.64 on Friday. The firm has a market cap of $113.62 billion, a P/E ratio of 20.04, a PEG ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The stock’s 50-day moving average is $132.27 and its two-hundred day moving average is $134.88.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the previous year, the company earned $1.57 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.92%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Analyst Ratings Changes

Several equities research analysts have commented on UPS shares. Oppenheimer boosted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Barclays reiterated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. Stifel Nicolaus raised their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group dropped their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Robert W. Baird reduced their price objective 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. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service 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.