United Parcel Service, Inc. (NYSE:UPS) Stake Boosted by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 60.3% in the 3rd quarter, Holdings Channel reports. The firm owned 2,924 shares of the transportation company’s stock after purchasing an additional 1,100 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in United Parcel Service were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of United Parcel Service by 15,779.6% in the 3rd 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 buying an additional 14,539,321 shares during the period. Clearbridge Investments LLC boosted its stake in United Parcel Service by 6.5% in the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after acquiring an additional 406,248 shares during the period. Bank of New York Mellon Corp boosted its stake 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% during the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after purchasing an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of United Parcel Service by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after purchasing an additional 101,349 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

UPS stock traded up $1.18 during trading hours on Wednesday, hitting $131.32. 633,112 shares of the stock traded hands, compared to its average volume of 4,157,208. The stock has a 50-day simple moving average of $132.17 and a 200 day simple moving average of $134.88. The company has a market cap of $112.49 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.14 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share 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 during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the firm posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.96%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Citigroup reduced their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Stifel Nicolaus increased their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Stephens decreased their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.52.

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.