Bfsg LLC Buys 1,628 Shares of United Parcel Service, Inc. (NYSE:UPS)

by · The Cerbat Gem

Bfsg LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,441 shares of the transportation company’s stock after acquiring an additional 1,628 shares during the period. Bfsg LLC’s holdings in United Parcel Service were worth $2,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. RB Capital Management LLC lifted its holdings in United Parcel Service by 3.1% during the first quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock worth $577,000 after acquiring an additional 81 shares in the last quarter. Ergoteles LLC acquired a new stake in shares of United Parcel Service in the 1st quarter valued at about $1,162,000. Halbert Hargrove Global Advisors LLC raised its stake in shares of United Parcel Service by 10.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 112 shares during the period. First Western Trust Bank acquired a new stake in shares of United Parcel Service in the 1st quarter valued at about $515,000. Finally, Stevens Capital Management LP acquired a new stake in shares of United Parcel Service in the 1st quarter valued at about $701,000. 58.45% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $0.08 during trading on Friday, reaching $157.23. 2,186,585 shares of the stock were exchanged, compared to its average volume of 3,575,649. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $197.80. The firm has a market cap of $133.95 billion, a PE ratio of 15.91, a PEG ratio of 1.79 and a beta of 1.09. The stock has a 50-day moving average price of $150.33 and a 200-day moving average price of $163.29. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.98.

United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. United Parcel Service had a return on equity of 43.46% and a net margin of 9.19%. The company had revenue of $21.06 billion during the quarter, compared to analysts’ expectations of $21.40 billion. During the same quarter in the previous year, the company posted $2.99 earnings per share. The business’s revenue was down 12.8% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 8.78 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 13th were paid a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 65.59%.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent research reports. Susquehanna dropped their price target on United Parcel Service from $173.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. HSBC assumed coverage on United Parcel Service in a research note on Friday, September 29th. They issued a “hold” rating and a $170.00 price target on the stock. Evercore ISI lowered their target price on United Parcel Service from $185.00 to $179.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 12th. Raymond James lowered their target price on United Parcel Service from $205.00 to $200.00 and set a “strong-buy” rating on the stock in a research report on Friday, September 29th. Finally, Barclays lowered their target price on United Parcel Service from $180.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 28th. Seventeen analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $186.48.

View Our Latest Stock Report on UPS

About United Parcel Service

(Free Report)

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.

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