Tnf LLC Takes $214,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Tnf LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,550 shares of the transportation company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently bought and sold shares of the company. SteelPeak Wealth LLC lifted its position in shares of United Parcel Service by 881.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 31,769 shares of the transportation company’s stock worth $4,331,000 after purchasing an additional 28,533 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of United Parcel Service by 13.0% during the 3rd quarter. Diversify Wealth Management LLC now owns 15,142 shares of the transportation company’s stock worth $1,990,000 after purchasing an additional 1,743 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of United Parcel Service by 14.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 104,731 shares of the transportation company’s stock worth $14,279,000 after purchasing an additional 13,473 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of United Parcel Service by 33.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 20,459 shares of the transportation company’s stock worth $2,789,000 after purchasing an additional 5,150 shares during the last quarter. Finally, Pathway Financial Advisers LLC lifted its position in shares of United Parcel Service by 7.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 17,126 shares of the transportation company’s stock worth $2,335,000 after purchasing an additional 1,207 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UPS shares. Citigroup assumed coverage on United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target on the stock. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Monday. Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Stephens reduced their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Susquehanna upped their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Trading Down 0.4 %

Shares of UPS stock opened at $133.79 on Thursday. The firm has a 50 day moving average price of $131.24 and a two-hundred day moving average price of $135.72. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $114.60 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts predict that United Parcel Service, Inc. will post 7.41 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.87%. United Parcel Service’s payout ratio is presently 98.49%.

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.