Strengthening Families & Communities LLC Has $1.83 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Strengthening Families & Communities LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,434 shares of the transportation company’s stock after purchasing an additional 1,469 shares during the period. Strengthening Families & Communities LLC’s holdings in United Parcel Service were worth $1,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC lifted 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 worth $694,000 after acquiring an additional 69 shares in the last quarter. Cigna Investments Inc. New grew its position in shares of United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after purchasing an additional 75 shares during the last quarter. Gleason Group Inc. boosted its stake in shares of United Parcel Service by 1.2% in 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. Nicholas Hoffman & Company LLC. boosted its stake in shares of United Parcel Service by 0.5% in the second quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock valued at $2,167,000 after buying an additional 79 shares during the period. Finally, Horan Capital Advisors LLC. boosted its holdings in shares of United Parcel Service by 0.4% in the 2nd quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company’s stock valued at $3,152,000 after purchasing an additional 83 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus lifted their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America boosted their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets lowered their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Stock Performance

United Parcel Service stock opened at $134.07 on Monday. The company’s 50-day moving average price is $132.50 and its 200-day moving average price is $134.59. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market cap of $114.84 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.86%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

United Parcel Service Company 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.