Lathrop Investment Management Corp Buys 303 Shares of United Parcel Service, Inc. (NYSE:UPS)

Lathrop Investment Management Corp increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,384 shares of the transportation company’s stock after buying an additional 303 shares during the period. Lathrop Investment Management Corp’s holdings in United Parcel Service were worth $7,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. Natixis bought a new position in shares of United Parcel Service in the 1st quarter worth about $121,000. Capital International Inc. CA boosted its stake in United Parcel Service by 10.7% in the 1st quarter. Capital International Inc. CA now owns 8,991 shares of the transportation company’s stock worth $1,336,000 after purchasing an additional 866 shares in the last quarter. 1832 Asset Management L.P. grew its position in United Parcel Service by 48.3% during the 1st quarter. 1832 Asset Management L.P. now owns 153,824 shares of the transportation company’s stock valued at $22,863,000 after purchasing an additional 50,072 shares during the last quarter. LRI Investments LLC bought a new stake in United Parcel Service during the 1st quarter valued at about $97,000. Finally, Steel Grove Capital Advisors LLC raised its holdings in United Parcel Service by 291.9% in the first quarter. Steel Grove Capital Advisors LLC now owns 11,448 shares of the transportation company’s stock worth $1,702,000 after buying an additional 8,527 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $131.35 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $112.09 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 2.19 and a beta of 0.99. The firm has a fifty day moving average price of $132.83 and a 200 day moving average price of $134.38. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm 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 was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued 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 dividend yield of 4.96%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UPS shares. TD Cowen initiated coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Wells Fargo & Company increased their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Bank of America lifted their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group lowered their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.