Cromwell Holdings LLC Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cromwell Holdings LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the transportation company’s stock after acquiring an additional 383 shares during the period. Cromwell Holdings LLC’s holdings in United Parcel Service were worth $273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UPS. Natixis purchased a new position in United Parcel Service during the first quarter valued at $121,000. Cohen Investment Advisors LLC lifted its position in shares of United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after buying an additional 3,835 shares in the last quarter. Financial Partners Group LLC grew its stake in shares of United Parcel Service by 23.9% during the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after acquiring an additional 5,069 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in United Parcel Service by 12.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock worth $8,853,000 after acquiring an additional 6,502 shares in the last quarter. Finally, Nvwm LLC raised its stake in United Parcel Service by 3.7% during the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock worth $399,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.6 %

Shares of NYSE UPS opened at $137.47 on Friday. The company has a market cap of $117.75 billion, a P/E ratio of 22.43, a PEG ratio of 1.93 and a beta of 0.99. The firm has a 50-day simple moving average of $130.89 and a two-hundred day simple moving average of $136.08. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year 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.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the business earned $1.57 EPS. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stephens dropped their price target 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. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday. Evercore ISI upped their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday. TD Cowen started coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price for the company. Finally, Citigroup began coverage on United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.43.

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.