Prospera Financial Services Inc Increases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Prospera Financial Services Inc grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 56,641 shares of the transportation company’s stock after purchasing an additional 1,007 shares during the quarter. Prospera Financial Services Inc’s holdings in United Parcel Service were worth $7,723,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in UPS. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service during the second quarter worth about $28,000. Riverview Trust Co acquired a new stake in United Parcel Service during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC raised its position in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Tortoise Investment Management LLC lifted its position in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares in the last quarter. Finally, PSI Advisors LLC increased its stake in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on UPS. Bank of America raised their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Baird R W raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, UBS Group lifted their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Price Performance

Shares of UPS stock opened at $135.13 on Tuesday. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82. The stock has a 50-day moving average price of $132.63 and a 200 day moving average price of $134.51. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $115.32 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.20 and a beta of 0.99.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.82%. United Parcel Service’s dividend payout ratio is 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.