American Assets Investment Management LLC Acquires 5,000 Shares of United Parcel Service, Inc. (NYSE:UPS)

American Assets Investment Management LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the transportation company’s stock after buying an additional 5,000 shares during the period. American Assets Investment Management LLC’s holdings in United Parcel Service were worth $2,045,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. Natixis bought a new stake in United Parcel Service during the first quarter valued at about $121,000. Cohen Investment Advisors LLC increased its position in United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after buying an additional 3,835 shares in the last quarter. Financial Partners Group LLC raised its stake in shares of United Parcel Service by 23.9% in the second quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after buying an additional 5,069 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. lifted its position in shares of United Parcel Service by 71.8% during the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock valued at $1,988,000 after buying an additional 6,073 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on UPS shares. Stephens decreased their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Robert W. Baird reduced their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, UBS Group upped 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, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

United Parcel Service Stock Down 0.3 %

Shares of UPS stock traded down $0.38 during mid-day trading on Tuesday, hitting $131.23. The stock had a trading volume of 658,014 shares, compared to its average volume of 4,161,495. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The firm’s 50-day moving average is $132.12 and its two-hundred day moving average is $135.01. The firm has a market capitalization of $112.41 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. On average, analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.97%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.