Lifeworks Advisors LLC Purchases 509 Shares of United Parcel Service, Inc. (NYSE:UPS)

Lifeworks Advisors LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 26.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,401 shares of the transportation company’s stock after buying an additional 509 shares during the period. Lifeworks Advisors LLC’s holdings in United Parcel Service were worth $327,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Blackston Financial Advisory Group LLC boosted its holdings in shares of United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after buying an additional 69 shares during the period. Cigna Investments Inc. New boosted its holdings in shares of United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after buying an additional 75 shares during the period. Gleason Group Inc. boosted its holdings in shares of United Parcel Service by 1.2% during the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after buying an additional 77 shares during the period. Nicholas Hoffman & Company LLC. boosted its holdings in shares of United Parcel Service by 0.5% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock worth $2,167,000 after buying an additional 79 shares during the period. Finally, Horan Capital Advisors LLC. boosted its holdings in shares of United Parcel Service by 0.4% during the 2nd quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company’s stock worth $3,152,000 after buying an additional 83 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 0.8 %

UPS opened at $132.64 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $113.62 billion, a PE ratio of 20.04, a PEG ratio of 2.19 and a beta of 0.99. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a 50-day moving average price of $132.27 and a two-hundred day moving average price of $134.88.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 EPS. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio is 98.49%.

Analysts Set New Price Targets

Several analysts recently issued reports on UPS shares. Evercore ISI upped their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Barclays reissued an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Finally, Oppenheimer increased their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service 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.