Studio Investment Management LLC Has $747,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Studio Investment Management LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.9% during the third quarter, Holdings Channel.com reports. The firm owned 5,480 shares of the transportation company’s stock after purchasing an additional 492 shares during the period. Studio Investment Management LLC’s holdings in United Parcel Service were worth $747,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Natixis acquired a new position in shares of United Parcel Service during the first quarter valued at about $121,000. Capital International Inc. CA raised its stake in shares of United Parcel Service by 10.7% in the first quarter. Capital International Inc. CA now owns 8,991 shares of the transportation company’s stock worth $1,336,000 after purchasing an additional 866 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of United Parcel Service by 48.3% in the first quarter. 1832 Asset Management L.P. now owns 153,824 shares of the transportation company’s stock valued at $22,863,000 after purchasing an additional 50,072 shares in the last quarter. LRI Investments LLC bought a new position in shares of United Parcel Service in the first quarter valued at approximately $97,000. Finally, Steel Grove Capital Advisors LLC boosted its position in shares of United Parcel Service by 291.9% during the first quarter. Steel Grove Capital Advisors LLC now owns 11,448 shares of the transportation company’s stock valued at $1,702,000 after buying an additional 8,527 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UPS shares. Barclays reaffirmed an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Citigroup reduced their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. TD Cowen began 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 on the stock. UBS Group upped their target price on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Two equities 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Price Performance

United Parcel Service stock opened at $131.35 on Friday. The firm has a market capitalization of $112.09 billion, a P/E ratio of 19.84, a PEG ratio of 2.19 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 debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $132.83 and a 200-day moving average price of $134.38.

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, beating analysts’ consensus estimates 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 analyst estimates of $22.10 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.96%. 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 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.