Bristlecone Advisors LLC Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Bristlecone Advisors LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 85.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,666 shares of the transportation company’s stock after acquiring an additional 11,359 shares during the quarter. Bristlecone Advisors LLC’s holdings in United Parcel Service were worth $3,363,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Blackston Financial Advisory Group LLC raised its holdings in United Parcel Service by 1.4% in the 2nd 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 during the last quarter. Legacy Wealth Asset Management LLC increased its holdings in shares of United Parcel Service by 2.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after purchasing an additional 73 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of United Parcel Service by 0.9% in the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after purchasing an additional 73 shares during the last quarter. MV Capital Management Inc. lifted its holdings in shares of United Parcel Service by 8.6% during the first quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock valued at $144,000 after purchasing an additional 77 shares in the last quarter. Finally, Gleason Group Inc. boosted its position in shares of United Parcel Service by 1.2% during 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 last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on UPS shares. Barclays reiterated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Monday, October 21st. Stephens reduced 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 note on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Bank of America lifted their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, UBS Group lifted their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.43.

United Parcel Service Stock Down 0.7 %

Shares of UPS opened at $137.43 on Friday. The business’s 50 day moving average is $130.89 and its 200 day moving average is $135.98. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market capitalization of $117.72 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99.

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

United Parcel Service Dividend Announcement

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