United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,163 shares of the transportation company’s stock after purchasing an additional 13,368 shares during the period. United Parcel Service accounts for approximately 0.5% of Advisors Asset Management Inc.’s portfolio, making the stock its 25th largest position. Advisors Asset Management Inc.’s holdings in United Parcel Service were worth $28,790,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blackston Financial Advisory Group LLC increased its holdings in shares of United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares during the last quarter. Cigna Investments Inc. New raised its holdings in United Parcel Service by 1.0% during the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares in the last quarter. Gleason Group Inc. lifted its position 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 last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in shares of United Parcel Service by 0.5% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock valued at $2,167,000 after buying an additional 79 shares in the last quarter. Finally, Horan Capital Advisors LLC. grew its position in shares of United Parcel Service by 0.4% in the 2nd quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company’s stock valued at $3,152,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on UPS shares. Bank of America upped their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. UBS Group lifted their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Susquehanna increased their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets dropped their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Price Performance

United Parcel Service stock opened at $133.20 on Wednesday. The firm has a market capitalization of $113.67 billion, a PE ratio of 20.12, a P/E/G ratio of 2.20 and a beta of 0.99. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The firm’s 50-day simple moving average is $132.70 and its 200 day simple moving average is $134.41. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly 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. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

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.