Pinnacle Wealth Planning Services Inc. lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,851 shares of the transportation company's stock after selling 168 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in United Parcel Service were worth $945,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of UPS. Cetera Investment Advisers raised its position in shares of United Parcel Service by 11.1% during the 2nd quarter. Cetera Investment Advisers now owns 51,249 shares of the transportation company's stock worth $9,355,000 after buying an additional 5,128 shares in the last quarter. Fortem Financial Group LLC grew its holdings in shares of United Parcel Service by 2.0% during the 3rd quarter. Fortem Financial Group LLC now owns 5,828 shares of the transportation company's stock valued at $941,000 after acquiring an additional 113 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in United Parcel Service by 82.6% during the second quarter. Illinois Municipal Retirement Fund now owns 26,048 shares of the transportation company's stock valued at $4,755,000 after acquiring an additional 11,784 shares during the period. Sawtooth Solutions LLC grew its position in United Parcel Service by 12.1% during the third quarter. Sawtooth Solutions LLC now owns 10,087 shares of the transportation company's stock worth $1,629,000 after buying an additional 1,086 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of United Parcel Service by 31.9% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 24,636 shares of the transportation company's stock worth $4,489,000 after purchasing an additional 5,965 shares in the last quarter. Institutional investors own 58.92% of the company's stock.
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Analysts Set New Price Targets
A number of research firms have commented on UPS. UBS Group set a $196.00 price objective on United Parcel Service in a research note on Wednesday, February 1st. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $227.00 to $207.00 in a research note on Tuesday, October 25th. Cowen dropped their target price on shares of United Parcel Service from $232.00 to $187.00 and set a "market perform" rating for the company in a report on Wednesday, October 26th. Cowen boosted their target price on shares of United Parcel Service from $187.00 to $195.00 and gave the company a "market perform" rating in a report on Wednesday, February 1st. Finally, Exane BNP Paribas downgraded shares of United Parcel Service from a "neutral" rating to an "underperform" rating in a research report on Wednesday, November 30th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of "Hold" and a consensus price target of $195.48.
United Parcel Service Stock Performance
Shares of UPS traded down $1.38 during mid-day trading on Tuesday, hitting $187.38. The company's stock had a trading volume of 612,985 shares, compared to its average volume of 2,799,495. The stock's 50-day moving average is $180.17 and its two-hundred day moving average is $181.04. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.39 and a current ratio of 1.22. The firm has a market capitalization of $162.07 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.28 and a beta of 1.12. United Parcel Service, Inc. has a one year low of $154.87 and a one year high of $230.35.
United Parcel Service (NYSE:UPS – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The transportation company reported $3.62 EPS for the quarter, beating analysts' consensus estimates of $3.59 by $0.03. United Parcel Service had a net margin of 11.51% and a return on equity of 66.10%. The firm had revenue of $27 billion during the quarter, compared to analysts' expectations of $28.03 billion. During the same quarter last year, the company posted $3.59 earnings per share. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 11.59 EPS for the current year.
United Parcel Service announced that its board has authorized a stock repurchase plan on Tuesday, January 31st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the transportation company to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
United Parcel Service Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, February 17th. This is an increase from United Parcel Service's previous quarterly dividend of $1.52. United Parcel Service's dividend payout ratio is 46.06%.
United Parcel Service Company Profile
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United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.
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