Advisors Asset Management Inc. raised its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 264,532 shares of the transportation company’s stock after acquiring an additional 20,019 shares during the period. United Parcel Service makes up 0.5% of Advisors Asset Management Inc.’s portfolio, making the stock its 25th largest holding. Advisors Asset Management Inc.’s holdings in United Parcel Service were worth $26,702,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of United Parcel Service by 10.1% in the 1st quarter. HB Wealth Management LLC now owns 43,075 shares of the transportation company’s stock worth $4,738,000 after buying an additional 3,969 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of United Parcel Service by 10.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 326,541 shares of the transportation company’s stock valued at $35,916,000 after buying an additional 29,661 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of United Parcel Service by 1.0% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 38,776 shares of the transportation company’s stock valued at $4,265,000 after acquiring an additional 391 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its position in United Parcel Service by 9.3% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 6,902 shares of the transportation company’s stock worth $759,000 after acquiring an additional 587 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.
United Parcel Service Stock Down 1.0%
Shares of NYSE UPS opened at $93.74 on Tuesday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $138.67. The firm has a market capitalization of $79.53 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 2.29 and a beta of 1.11. The stock has a 50 day moving average price of $88.98 and a 200 day moving average price of $92.78. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.30.
United Parcel Service Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.0%. The ex-dividend date is Monday, November 17th. United Parcel Service’s dividend payout ratio is presently 101.39%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. UBS Group upped their price objective on United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup increased their price target on United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Susquehanna lifted their price objective on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Oppenheimer reduced their target price on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Finally, Evercore ISI dropped their price target on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $110.00.
Read Our Latest Analysis on UPS
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.
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