Cerity Partners LLC Raises Holdings in United Parcel Service, Inc. $UPS

Cerity Partners LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,440 shares of the transportation company’s stock after buying an additional 5,505 shares during the quarter. Cerity Partners LLC owned approximately 0.05% of United Parcel Service worth $43,348,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in United Parcel Service during the 2nd quarter worth about $851,842,000. Laurel Wealth Advisors LLC raised its holdings in shares of United Parcel Service by 11,517.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock valued at $252,695,000 after purchasing an additional 2,481,864 shares in the last quarter. Nuveen LLC purchased a new stake in shares of United Parcel Service in the 1st quarter worth approximately $201,358,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of United Parcel Service by 78.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock valued at $412,528,000 after purchasing an additional 1,799,882 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of United Parcel Service by 45.4% during the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock valued at $578,467,000 after purchasing an additional 1,789,467 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.1%

Shares of NYSE:UPS opened at $94.88 on Monday. The business’s 50-day moving average is $91.02 and its 200 day moving average is $92.57. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $136.99. The firm has a market capitalization of $80.50 billion, a P/E ratio of 14.66, a P/E/G ratio of 2.27 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping 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 business had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter last year, the company earned $1.76 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.9%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UPS. Stephens raised shares of United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. Wells Fargo & Company lifted their price target on United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Citigroup boosted their price target on United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average price target of $110.00.

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.