Seelaus Asset Management LLC Purchases New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Seelaus Asset Management LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,896 shares of the transportation company’s stock, valued at approximately $531,000.

Other large investors have also modified their holdings of the company. Northcape Wealth Management LLC raised its holdings in shares of United Parcel Service by 3.1% in the third quarter. Northcape Wealth Management LLC now owns 19,112 shares of the transportation company’s stock worth $2,606,000 after buying an additional 582 shares during the period. Valley Wealth Managers Inc. increased its stake in United Parcel Service by 5.1% in the third quarter. Valley Wealth Managers Inc. now owns 27,319 shares of the transportation company’s stock worth $3,725,000 after purchasing an additional 1,317 shares during the period. Empirical Finance LLC lifted its position in shares of United Parcel Service by 2.1% during the third quarter. Empirical Finance LLC now owns 24,995 shares of the transportation company’s stock worth $3,408,000 after purchasing an additional 525 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in shares of United Parcel Service during the third quarter valued at $1,510,000. Finally, CIBC Asset Management Inc grew its holdings in shares of United Parcel Service by 6.5% in the third quarter. CIBC Asset Management Inc now owns 136,914 shares of the transportation company’s stock worth $18,667,000 after purchasing an additional 8,377 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on UPS. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus boosted their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Robert W. Baird reduced their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Stephens lowered their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Up 1.1 %

United Parcel Service stock opened at $134.10 on Friday. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The business has a fifty day moving average price of $132.50 and a 200-day moving average price of $134.76. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $114.86 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.19 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly 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 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 the consensus estimate of $22.10 billion. During the same quarter last year, the company earned $1.57 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

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.