AGF Management Ltd. Has $3.14 Million Stock Position in United Parcel Service, Inc. $UPS

AGF Management Ltd. grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 20.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,645 shares of the transportation company’s stock after purchasing an additional 6,353 shares during the period. AGF Management Ltd.’s holdings in United Parcel Service were worth $3,144,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Cornerstone Wealth Group LLC lifted its position in 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 buying an additional 97 shares in the last quarter. CFS Investment Advisory Services LLC increased its position in shares of United Parcel Service by 2.6% in the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock valued at $372,000 after acquiring an additional 108 shares during the last quarter. MSH Capital Advisors LLC raised its holdings in United Parcel Service by 1.4% during the second quarter. MSH Capital Advisors LLC now owns 8,088 shares of the transportation company’s stock worth $816,000 after acquiring an additional 115 shares in the last quarter. Wealth Advisory Solutions LLC raised its holdings in United Parcel Service by 2.3% during the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock worth $431,000 after acquiring an additional 118 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its position in United Parcel Service by 14.8% during the second quarter. Westside Investment Management Inc. now owns 960 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UPS shares. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. BMO Capital Markets increased their price target on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. UBS Group lifted their price objective on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Stephens upped their target price on shares of United Parcel Service from $113.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.67.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $116.76 on Thursday. The company has a market cap of $99.06 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.77 and a beta of 1.11. The firm’s fifty day moving average price is $102.86 and its two-hundred day moving average price is $93.84. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $123.70. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.30.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. United Parcel Service’s revenue was down 3.2% compared to the same quarter last year. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be given a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 5.6%. United Parcel Service’s dividend payout ratio is presently 100.00%.

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.