United Parcel Service, Inc. $UPS Stock Holdings Increased by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 357,429 shares of the transportation company’s stock after purchasing an additional 29,853 shares during the period. Vaughan David Investments LLC IL’s holdings in United Parcel Service were worth $29,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Andra AP fonden increased its stake in United Parcel Service by 95.9% in the 2nd quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after purchasing an additional 163,000 shares in the last quarter. BLVD Private Wealth LLC acquired a new position in shares of United Parcel Service in the second quarter worth about $1,479,000. Strategic Planning Inc. purchased a new position in shares of United Parcel Service in the third quarter worth approximately $3,885,000. Avantax Advisory Services Inc. raised its holdings in shares of United Parcel Service by 14.6% during the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock valued at $9,525,000 after acquiring an additional 12,035 shares during the period. Finally, Equity Investment Corp lifted its position in shares of United Parcel Service by 16.8% in the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after acquiring an additional 162,364 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS stock opened at $106.49 on Tuesday. The firm has a market capitalization of $90.35 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 2.33 and a beta of 1.11. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $136.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm’s 50 day moving average is $99.48 and its 200-day moving average is $93.17.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same period in the prior year, the business posted $1.76 EPS. United Parcel Service’s revenue was down 3.7% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s payout ratio is 101.39%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UPS shares. Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a research note on Friday, January 9th. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Stifel Nicolaus raised their price objective on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft dropped their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Finally, BNP Paribas cut shares of United Parcel Service from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $111.42.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.