AM Investment Strategies LLC Has $2.82 Million Stock Position in United Parcel Service, Inc. $UPS

AM Investment Strategies LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 56.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,814 shares of the transportation company’s stock after buying an additional 12,241 shares during the quarter. United Parcel Service comprises about 0.6% of AM Investment Strategies LLC’s portfolio, making the stock its 27th largest position. AM Investment Strategies LLC’s holdings in United Parcel Service were worth $2,824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UPS. Brighton Jones LLC raised its holdings in shares of United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC bought a new position in United Parcel Service in the second quarter valued at about $277,000. Farther Finance Advisors LLC raised its stake in United Parcel Service by 14.5% during the second quarter. Farther Finance Advisors LLC now owns 14,338 shares of the transportation company’s stock worth $1,447,000 after acquiring an additional 1,811 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of United Parcel Service by 90.2% in the second quarter. Park Avenue Securities LLC now owns 37,806 shares of the transportation company’s stock worth $3,816,000 after acquiring an additional 17,928 shares during the last quarter. Finally, Lewis Asset Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $241,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of United Parcel Service from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. BNP Paribas Exane cut United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a report on Tuesday, January 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Citigroup raised their price objective on shares of United Parcel Service from $120.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Stifel Nicolaus lifted their target price on shares of United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.73.

United Parcel Service Trading Down 0.3%

NYSE UPS opened at $106.55 on Wednesday. The stock has a market capitalization of $90.39 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.33 and a beta of 1.11. The business has a 50 day simple moving average of $99.71 and a 200 day simple moving average of $93.19. 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 one year low of $82.00 and a one year high of $136.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The firm had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 EPS. Research 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 disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s payout ratio is currently 101.39%.

About United Parcel Service

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.