Northcape Wealth Management LLC Purchases 582 Shares of United Parcel Service, Inc. (NYSE:UPS)

Northcape Wealth Management LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,112 shares of the transportation company’s stock after buying an additional 582 shares during the quarter. Northcape Wealth Management LLC’s holdings in United Parcel Service were worth $2,606,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new stake in United Parcel Service during the 2nd quarter valued at approximately $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $32,000. Centerpoint Advisors LLC lifted its holdings in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its stake in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of several research reports. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. UBS Group increased their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, 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 report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Price Performance

UPS opened at $134.10 on Friday. The business has a fifty day moving average of $132.50 and a 200 day moving average of $134.76. The stock has a market cap of $114.86 billion, a P/E ratio of 20.26, a PEG ratio of 2.19 and a beta of 0.99. 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.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared 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. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

United Parcel Service 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.