Legacy Capital Group California Inc. Takes $701,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Legacy Capital Group California Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,138 shares of the transportation company’s stock, valued at approximately $701,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UPS. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the second quarter valued at approximately $28,000. Stephens Consulting LLC grew its holdings in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares during the period. Riverview Trust Co bought a new stake in shares of United Parcel Service in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC raised its stake in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the period. Finally, Tortoise Investment Management LLC lifted its holdings 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 worth $34,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Robert W. Baird lowered their target price 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. Evercore ISI upped their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday. Citigroup initiated coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective on the stock. Finally, Barclays reaffirmed an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $151.05.

United Parcel Service Stock Performance

Shares of UPS stock opened at $138.35 on Friday. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a market capitalization of $118.51 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.93 and a beta of 0.99. The company has a 50-day simple moving average of $130.54 and a 200 day simple moving average of $136.15. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the business posted $2.54 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 106.36%.

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.