United Parcel Service, Inc. (NYSE:UPS) Position Boosted by Romano Brothers AND Company

Romano Brothers AND Company raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,175 shares of the transportation company’s stock after acquiring an additional 158 shares during the period. United Parcel Service makes up 1.0% of Romano Brothers AND Company’s holdings, making the stock its 23rd largest position. Romano Brothers AND Company’s holdings in United Parcel Service were worth $7,659,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in United Parcel Service during the 1st quarter valued at about $111,000. Thrive Wealth Management LLC boosted its holdings in shares of United Parcel Service by 4.7% in the first quarter. Thrive Wealth Management LLC now owns 4,565 shares of the transportation company’s stock valued at $679,000 after acquiring an additional 205 shares in the last quarter. Pasadena Private Wealth LLC acquired a new position in shares of United Parcel Service during the first quarter valued at approximately $266,000. Stokes Capital Advisors LLC raised its holdings in United Parcel Service by 13.9% during the first quarter. Stokes Capital Advisors LLC now owns 32,104 shares of the transportation company’s stock worth $4,772,000 after purchasing an additional 3,910 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its position in United Parcel Service by 8.3% in the first quarter. 180 Wealth Advisors LLC now owns 1,657 shares of the transportation company’s stock worth $246,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of several research analyst reports. TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Susquehanna lowered their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Citigroup initiated coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. Robert W. Baird lowered their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.05.

United Parcel Service Trading Up 0.1 %

NYSE:UPS opened at $131.41 on Thursday. The stock has a market cap of $112.56 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $130.54 and its two-hundred day moving average is $136.15.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. During the same period in the previous year, the firm posted $2.54 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

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.