PFG Investments LLC Acquires 1,473 Shares of United Parcel Service, Inc. (NYSE:UPS)

PFG Investments LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.2% during the third quarter, Holdings Channel.com reports. The firm owned 13,518 shares of the transportation company’s stock after buying an additional 1,473 shares during the period. PFG Investments LLC’s holdings in United Parcel Service were worth $1,843,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service in the 2nd quarter valued at $28,000. Riverview Trust Co purchased a new position in United Parcel Service in the second quarter valued at about $32,000. Centerpoint Advisors LLC grew its stake in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares in the last quarter. Finally, PSI Advisors LLC lifted its position in shares of United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Down 0.7 %

NYSE UPS opened at $137.43 on Friday. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $117.72 billion, a PE ratio of 22.42, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a fifty day moving average of $130.89 and a 200 day moving average of $135.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.11. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. United Parcel Service’s payout ratio is 106.36%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday. Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Susquehanna boosted their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company increased their price target on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.43.

About United Parcel Service

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.