Beacon Investment Advisors LLC Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

Beacon Investment Advisors LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,658 shares of the transportation company’s stock after purchasing an additional 199 shares during the quarter. United Parcel Service accounts for 1.2% of Beacon Investment Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Beacon Investment Advisors LLC’s holdings in United Parcel Service were worth $1,833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares during the period. Wellington Management Group LLP lifted its holdings in United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after acquiring an additional 2,331,875 shares during the period. Franklin Resources Inc. lifted its holdings in United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after acquiring an additional 980,317 shares during the period. Northern Trust Corp increased its position in United Parcel Service by 0.4% in the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock worth $1,311,177,000 after buying an additional 31,533 shares in the last quarter. Finally, Norges Bank purchased a new stake in United Parcel Service in the fourth quarter worth about $1,128,322,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Up 0.1 %

NYSE UPS traded up $0.08 on Friday, reaching $137.64. 3,209,458 shares of the stock traded hands, compared to its average volume of 3,133,337. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a fifty day moving average price of $144.99 and a 200-day moving average price of $150.36. The company has a market cap of $117.76 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.74 and a beta of 1.01. United Parcel Service, Inc. has a 12 month low of $133.58 and a 12 month high of $192.98.

United Parcel Service (NYSE:UPSGet Free Report) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period in the previous year, the company posted $2.20 EPS. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Analyst Ratings Changes

A number of analysts have commented on UPS shares. Oppenheimer upped their price target on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft cut their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Evercore ISI restated an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price target for the company from $165.00 to $170.00 in a report on Friday, February 16th. Finally, Wells Fargo & Company started coverage on United Parcel Service in a report on Friday. They set an “overweight” rating and a $156.00 price target for the company. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $164.95.

View Our Latest Report on United Parcel Service

United Parcel Service Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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