Fifth Third Wealth Advisors LLC Acquires 2,782 Shares of United Parcel Service, Inc. (NYSE:UPS)

Fifth Third Wealth Advisors LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 39.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,746 shares of the transportation company’s stock after buying an additional 2,782 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in United Parcel Service were worth $1,329,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in United Parcel Service by 128.8% in the 1st quarter. Bessemer Group Inc. now owns 36,805 shares of the transportation company’s stock worth $5,470,000 after purchasing an additional 20,717 shares during the last quarter. Lake Street Advisors Group LLC raised its position in shares of United Parcel Service by 51.0% during the first quarter. Lake Street Advisors Group LLC now owns 5,182 shares of the transportation company’s stock worth $770,000 after acquiring an additional 1,751 shares during the last quarter. Natixis acquired a new position in shares of United Parcel Service during the first quarter valued at $121,000. Crewe Advisors LLC bought a new position in United Parcel Service in the first quarter valued at about $249,000. Finally, Payden & Rygel Investment Group acquired a new stake in United Parcel Service in the first quarter worth about $208,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.4 %

UPS stock opened at $133.20 on Wednesday. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The business’s 50 day simple moving average is $132.70 and its 200 day simple moving average is $134.41. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $113.67 billion, a PE ratio of 20.12, a PEG ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued 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 for the quarter, compared to analyst estimates of $22.10 billion. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The firm 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 is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.89%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of recent research reports. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target 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. Stephens decreased their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus raised their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, UBS Group upped 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.