United Parcel Service, Inc. $UPS Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 681,643 shares of the transportation company’s stock after purchasing an additional 9,872 shares during the period. Confluence Investment Management LLC owned about 0.08% of United Parcel Service worth $56,938,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd grew its position in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of United Parcel Service during the 2nd quarter valued at about $26,000. Saudi Central Bank acquired a new stake in shares of United Parcel Service during the 1st quarter valued at about $32,000. Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service in the 1st quarter valued at about $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in United Parcel Service in the 2nd quarter worth about $34,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 1.2%

Shares of UPS stock opened at $100.67 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s fifty day moving average is $94.31 and its two-hundred day moving average is $92.79. The firm has a market capitalization of $85.41 billion, a P/E ratio of 15.56, a PEG ratio of 2.43 and a beta of 1.11.

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

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued 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 6.5%. United Parcel Service’s dividend payout ratio is presently 101.39%.

Analyst Ratings Changes

Several brokerages have commented on UPS. Stephens raised United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. UBS Group upped their price objective on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Bank of America dropped their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $110.09.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.