Private Wealth Partners LLC Acquires 1,700 Shares of United Parcel Service, Inc. (NYSE:UPS)

Private Wealth Partners LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 61.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,450 shares of the transportation company’s stock after buying an additional 1,700 shares during the quarter. Private Wealth Partners LLC’s holdings in United Parcel Service were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Blackston Financial Advisory Group LLC increased its holdings in United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares during the period. Cigna Investments Inc. New increased its holdings in United Parcel Service by 1.0% during the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after buying an additional 75 shares during the period. Gleason Group Inc. increased its holdings in United Parcel Service by 1.2% during the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after buying an additional 77 shares during the period. Rogco LP increased its holdings in United Parcel Service by 1.9% during the first quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock valued at $625,000 after buying an additional 78 shares during the period. Finally, Paulson Wealth Management Inc. increased its holdings in United Parcel Service by 3.0% during the first quarter. Paulson Wealth Management Inc. now owns 2,743 shares of the transportation company’s stock valued at $408,000 after buying an additional 79 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

NYSE:UPS opened at $134.05 on Friday. 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 quick ratio of 1.25 and a current ratio of 1.14. The firm has a market cap of $114.82 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.21 and a beta of 0.99. The firm’s fifty day moving average is $131.51 and its two-hundred day moving average is $135.58.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 98.49%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UPS shares. Citigroup started coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective on the stock. Susquehanna lifted their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. TD Cowen started coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

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.