Rockefeller Capital Management L.P. Acquires 13,924 Shares of United Parcel Service, Inc. (NYSE:UPS)

Rockefeller Capital Management L.P. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 313,539 shares of the transportation company’s stock after acquiring an additional 13,924 shares during the period. Rockefeller Capital Management L.P.’s holdings in United Parcel Service were worth $42,754,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. LRI Investments LLC bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $54,000. Cetera Advisors LLC boosted its position in shares of United Parcel Service by 77.7% during the first quarter. Cetera Advisors LLC now owns 58,560 shares of the transportation company’s stock worth $8,704,000 after purchasing an additional 25,600 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of United Parcel Service by 28.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 301,321 shares of the transportation company’s stock valued at $44,149,000 after buying an additional 66,995 shares during the period. GAMMA Investing LLC grew its holdings in shares of United Parcel Service by 64.3% in the 2nd quarter. GAMMA Investing LLC now owns 5,394 shares of the transportation company’s stock valued at $738,000 after buying an additional 2,111 shares during the period. Finally, M&R Capital Management Inc. increased its position in shares of United Parcel Service by 35.8% in the 2nd quarter. M&R Capital Management Inc. now owns 607 shares of the transportation company’s stock valued at $83,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research analyst reports. Bank of America boosted their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Oppenheimer increased their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.52.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.1 %

United Parcel Service stock opened at $135.85 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50-day moving average is $133.55 and its 200-day moving average is $133.87. The firm has a market capitalization of $115.93 billion, a PE ratio of 20.52, a P/E/G ratio of 2.23 and a beta of 0.99. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week 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, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio is currently 98.49%.

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.