Larson Financial Group LLC Buys 3,100 Shares of United Parcel Service, Inc. (NYSE:UPS)

Larson Financial Group LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 73.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,324 shares of the transportation company’s stock after buying an additional 3,100 shares during the quarter. Larson Financial Group LLC’s holdings in United Parcel Service were worth $999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in 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 worth $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Natixis purchased a new position in United Parcel Service during the 1st quarter valued at $121,000. Cohen Investment Advisors LLC grew its position 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 acquiring an additional 3,835 shares during the last quarter. Financial Partners Group LLC increased its stake in United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after purchasing an additional 5,069 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. lifted its position in shares of United Parcel Service by 71.8% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock worth $1,988,000 after purchasing an additional 6,073 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 2.6 %

Shares of UPS stock opened at $134.82 on Monday. The stock’s fifty day moving average price is $132.98 and its 200 day moving average price is $134.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a market cap of $115.05 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 earnings per share. On average, 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. Stockholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.84%. United Parcel Service’s payout ratio is currently 98.49%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UPS shares. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. TD Cowen began coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Wells Fargo & Company raised their price objective on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. UBS Group upped their target price on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI raised their price target on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

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.