Kovack Advisors Inc. Acquires 205 Shares of United Parcel Service, Inc. (NYSE:UPS)

Kovack Advisors Inc. grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,369 shares of the transportation company’s stock after purchasing an additional 205 shares during the quarter. Kovack Advisors Inc.’s holdings in United Parcel Service were worth $596,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the second quarter worth about $28,000. Riverview Trust Co acquired a new position in United Parcel Service during the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC lifted its stake in United Parcel Service by 291.7% in the 2nd 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 boosted its position 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 valued at $34,000 after buying an additional 155 shares in the last quarter. Finally, PSI Advisors LLC grew its stake 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 worth $34,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.8 %

United Parcel Service stock opened at $132.64 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company 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. The firm’s fifty day moving average is $132.27 and its 200 day moving average is $134.88. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.92%. United Parcel Service’s dividend payout ratio is 98.49%.

Analysts Set New Price Targets

A number of research analysts have recently commented on UPS shares. Stephens dropped their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets reduced their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. TD Cowen started coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective for the company. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Bank of America raised their price target 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock 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.