Smith Chas P & Associates PA Cpas Buys 9,397 Shares of United Parcel Service, Inc. (UPS)

Smith Chas P & Associates PA Cpas raised its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,044 shares of the transportation company’s stock after purchasing an additional 9,397 shares during the period. United Parcel Service accounts for about 2.0% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 28th biggest position. Smith Chas P & Associates PA Cpas’ holdings in United Parcel Service were worth $16,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Moneta Group Investment Advisors LLC grew its stake in United Parcel Service by 118.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after purchasing an additional 600 shares in the last quarter. Advisors Preferred LLC grew its stake in United Parcel Service by 845.8% in the second quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after purchasing an additional 1,015 shares in the last quarter. Psagot Investment House Ltd. bought a new position in United Parcel Service in the third quarter worth approximately $121,000. Country Trust Bank grew its stake in United Parcel Service by 78.4% in the second quarter. Country Trust Bank now owns 1,215 shares of the transportation company’s stock worth $129,000 after purchasing an additional 534 shares in the last quarter. Finally, ELM Advisors LLC bought a new position in United Parcel Service in the third quarter worth approximately $140,000. Institutional investors and hedge funds own 53.74% of the company’s stock.

Shares of NYSE UPS opened at $108.76 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.43. The firm has a market cap of $93.46 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.63 and a beta of 1.14. United Parcel Service, Inc. has a 12-month low of $101.45 and a 12-month high of $135.53.

United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. The business had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, November 16th. This represents a $3.64 annualized dividend and a yield of 3.35%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.

UPS has been the topic of several research analyst reports. BMO Capital Markets increased their price objective on United Parcel Service to $128.00 and gave the stock a “market perform” rating in a research note on Thursday, July 26th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $125.00 price objective on shares of United Parcel Service in a research note on Thursday, July 26th. Morgan Stanley increased their price objective on United Parcel Service from $90.00 to $92.00 and gave the stock an “underweight” rating in a research note on Thursday, July 26th. Credit Suisse Group increased their price objective on United Parcel Service from $114.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Finally, Cowen reissued a “hold” rating and issued a $128.00 price objective on shares of United Parcel Service in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service has a consensus rating of “Hold” and an average target price of $125.66.

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United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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