Keynote Financial Services LLC Invests $496,000 in United Parcel Service, Inc. (NYSE:UPS)

Keynote Financial Services LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,635 shares of the transportation company’s stock, valued at approximately $496,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp raised its holdings in shares of United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Natixis purchased a new position in United Parcel Service in the first quarter worth $121,000. Cohen Investment Advisors LLC grew its stake in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 3,835 shares during the period. Financial Partners Group LLC increased its position in shares of United Parcel Service by 23.9% during the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after purchasing an additional 5,069 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of United Parcel Service by 12.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock worth $8,853,000 after purchasing an additional 6,502 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 0.2 %

UPS opened at $134.17 on Friday. The firm has a market capitalization of $114.93 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a fifty day moving average price of $131.83 and a 200-day moving average price of $135.39. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UPS. Stephens reduced their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. TD Cowen initiated coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price for the company. Susquehanna lifted their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Bank of America raised their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $151.71.

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.