United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Lifted by New Covenant Trust Company N.A.

New Covenant Trust Company N.A. lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,661 shares of the transportation company’s stock after acquiring an additional 355 shares during the period. New Covenant Trust Company N.A.’s holdings in United Parcel Service were worth $357,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Norden Group LLC grew its position in United Parcel Service by 32.2% during the first quarter. Norden Group LLC now owns 5,756 shares of the transportation company’s stock valued at $855,000 after purchasing an additional 1,401 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in United Parcel Service by 11.1% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,983 shares of the transportation company’s stock valued at $2,524,000 after purchasing an additional 1,696 shares in the last quarter. Fidelis Capital Partners LLC grew its position in United Parcel Service by 16.0% during the first quarter. Fidelis Capital Partners LLC now owns 2,810 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 387 shares in the last quarter. Bryn Mawr Capital Management LLC grew its position in United Parcel Service by 57.7% during the first quarter. Bryn Mawr Capital Management LLC now owns 9,201 shares of the transportation company’s stock valued at $1,368,000 after purchasing an additional 3,367 shares in the last quarter. Finally, Lincoln National Corp grew its position in United Parcel Service by 12.6% during the first quarter. Lincoln National Corp now owns 16,823 shares of the transportation company’s stock valued at $2,500,000 after purchasing an additional 1,887 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.0 %

Shares of UPS stock opened at $134.05 on Friday. The firm has a fifty day moving average of $131.51 and a 200-day moving average of $135.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock has a market cap of $114.82 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Bank of America boosted their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI boosted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Company 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.