Citizens Financial Group Inc. RI Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Citizens Financial Group Inc. RI boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,624 shares of the transportation company’s stock after buying an additional 275 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in United Parcel Service were worth $1,994,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in UPS. Moors & Cabot Inc. grew its position in United Parcel Service by 28.2% during the third quarter. Moors & Cabot Inc. now owns 16,877 shares of the transportation company’s stock valued at $2,301,000 after buying an additional 3,715 shares during the period. Darwin Wealth Management LLC purchased a new position in United Parcel Service in the 3rd quarter valued at $673,000. Advisors Asset Management Inc. boosted its position in United Parcel Service by 6.8% during the third quarter. Advisors Asset Management Inc. now owns 211,163 shares of the transportation company’s stock worth $28,790,000 after acquiring an additional 13,368 shares during the last quarter. Prospera Private Wealth LLC boosted its holdings in shares of United Parcel Service by 4.3% during the 3rd quarter. Prospera Private Wealth LLC now owns 5,094 shares of the transportation company’s stock worth $695,000 after purchasing an additional 210 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in United Parcel Service in the 3rd quarter valued at $8,731,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 0.6 %

Shares of NYSE:UPS opened at $131.35 on Friday. The firm has a market cap of $112.09 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.19 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 current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock’s 50-day moving average price is $132.83 and its two-hundred day moving average price is $134.38.

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 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 firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPS. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Bank of America lifted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. UBS Group increased their price target 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. TD Cowen assumed coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. Finally, Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Two equities 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’s stock. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.52.

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.