United Parcel Service, Inc. (NYSE:UPS) Position Increased by Garner Asset Management Corp

Garner Asset Management Corp lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.4% in the 3rd quarter, Holdings Channel reports. The firm owned 12,995 shares of the transportation company’s stock after buying an additional 543 shares during the quarter. Garner Asset Management Corp’s holdings in United Parcel Service were worth $1,772,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares during the period. International Assets Investment Management LLC boosted its holdings in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares in the last quarter. Bank of New York Mellon Corp grew its position in United Parcel Service by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after acquiring an additional 20,426 shares during the period. American Century Companies Inc. grew its holdings in shares of United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after purchasing an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in United Parcel Service by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after buying an additional 101,349 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.6 %

NYSE:UPS opened at $134.82 on Friday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The business has a 50 day moving average price of $132.98 and a two-hundred day moving average price of $134.20. The company has a market cap of $115.05 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.16 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 (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping 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 firm 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 firm posted $1.57 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.84%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Analyst Ratings Changes

Several analysts have recently commented on UPS shares. Citigroup decreased their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Bank of America lifted 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. TD Cowen assumed coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Finally, Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average 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.