Summit Trail Advisors LLC Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Summit Trail Advisors LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,924 shares of the transportation company’s stock after purchasing an additional 483 shares during the period. Summit Trail Advisors LLC’s holdings in United Parcel Service were worth $808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the period. Cohen Investment Advisors LLC increased its stake in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after acquiring an additional 3,835 shares during the last quarter. Financial Partners Group LLC raised its holdings in shares of United Parcel Service by 23.9% in the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after acquiring an additional 5,069 shares in the last quarter. Weaver C. Barksdale & Associates Inc. boosted its position in shares of United Parcel Service by 71.8% during the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock valued at $1,988,000 after acquiring an additional 6,073 shares during the last quarter. Finally, Investors Research Corp grew its holdings in shares of United Parcel Service by 89.0% during the third quarter. Investors Research Corp now owns 10,939 shares of the transportation company’s stock worth $1,491,000 after purchasing an additional 5,150 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 2.0 %

Shares of NYSE UPS opened at $137.53 on Tuesday. The stock has a market cap of $117.36 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a 50-day moving average of $133.15 and a 200 day moving average of $134.03.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping 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 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 business posted $1.57 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.74%. United Parcel Service’s payout ratio is 98.49%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPS. Bank of America lifted their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.