Old Port Advisors Buys 12,259 Shares of United Parcel Service, Inc. (NYSE:UPS)

Old Port Advisors boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 119.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,526 shares of the transportation company’s stock after acquiring an additional 12,259 shares during the quarter. Old Port Advisors’ holdings in United Parcel Service were worth $3,071,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service during the 2nd quarter worth approximately $28,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC increased its position in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares in the last quarter. Finally, PSI Advisors LLC grew its stake in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 1.5 %

Shares of NYSE UPS opened at $135.34 on Tuesday. The stock has a market capitalization of $115.93 billion, a P/E ratio of 20.44, a PEG ratio of 2.03 and a beta of 0.99. The stock’s fifty day moving average is $131.02 and its 200 day moving average is $135.81. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the firm earned $1.57 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.41 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. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.82%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent analyst reports. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Robert W. Baird decreased their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. UBS Group boosted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Stifel Nicolaus upped their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

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.