Financial Counselors Inc. Boosts Position in United Parcel Service, Inc. (NYSE:UPS)

Financial Counselors Inc. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 117,617 shares of the transportation company’s stock after acquiring an additional 2,584 shares during the period. Financial Counselors Inc.’s holdings in United Parcel Service were worth $16,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the 2nd quarter worth $28,000. Riverview Trust Co purchased a new stake in United Parcel Service in the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC raised its holdings in United Parcel Service by 291.7% in the 2nd 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. Princeton Global Asset Management LLC raised its holdings in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the period. Finally, Tortoise Investment Management LLC raised its holdings in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

United Parcel Service Stock Performance

Shares of UPS opened at $135.69 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock has a 50 day moving average price of $133.34 and a 200 day moving average price of $133.96. The company has a market capitalization of $115.79 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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 company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. TD Cowen assumed coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Bank of America boosted their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Two 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 MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

About United Parcel Service

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.