Beacon Pointe Advisors LLC Has $8.24 Million Stock Position in United Parcel Service, Inc. $UPS

Beacon Pointe Advisors LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,645 shares of the transportation company’s stock after purchasing an additional 5,878 shares during the period. Beacon Pointe Advisors LLC’s holdings in United Parcel Service were worth $8,241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UPS. Cornerstone Wealth Group LLC boosted its stake in shares of United Parcel Service by 3.9% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after acquiring an additional 97 shares in the last quarter. Bangor Savings Bank raised its stake in shares of United Parcel Service by 1.9% in the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after acquiring an additional 101 shares in the last quarter. First Dallas Securities Inc. lifted its holdings in United Parcel Service by 0.9% in the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after purchasing an additional 102 shares during the last quarter. Fortis Capital Advisors LLC boosted its position in United Parcel Service by 3.4% during the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock worth $350,000 after purchasing an additional 104 shares during the period. Finally, Wright Investors Service Inc. grew its holdings in United Parcel Service by 1.3% during the second quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after purchasing an additional 104 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.6%

UPS stock opened at $95.75 on Wednesday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The company has a market cap of $81.23 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The business’s 50-day simple moving average is $90.27 and its 200 day simple moving average is $92.60.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter in the prior year, the firm posted $1.76 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.9%. United Parcel Service’s payout ratio is currently 101.39%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UPS shares. Wells Fargo & Company boosted their price objective on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Susquehanna boosted their target price on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Stifel Nicolaus dropped their price objective on United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. Finally, Stephens upgraded United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $110.00.

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.