United Parcel Service, Inc. (NYSE:UPS) Stake Raised by Atwater Malick LLC

Atwater Malick LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,255 shares of the transportation company’s stock after buying an additional 1,405 shares during the period. United Parcel Service accounts for about 1.9% of Atwater Malick LLC’s investment portfolio, making the stock its 24th biggest holding. Atwater Malick LLC’s holdings in United Parcel Service were worth $3,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UPS. GPS Wealth Strategies Group LLC raised its holdings in United Parcel Service by 2.9% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,892 shares of the transportation company’s stock worth $393,000 after acquiring an additional 53 shares during the period. EPG Wealth Management LLC increased its holdings in shares of United Parcel Service by 1.8% during the 2nd quarter. EPG Wealth Management LLC now owns 2,944 shares of the transportation company’s stock worth $612,000 after purchasing an additional 53 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of United Parcel Service by 0.4% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 13,853 shares of the transportation company’s stock worth $2,881,000 after purchasing an additional 53 shares during the period. Sargent Bickham Lagudis LLC increased its holdings in shares of United Parcel Service by 9.4% during the 1st quarter. Sargent Bickham Lagudis LLC now owns 640 shares of the transportation company’s stock worth $109,000 after purchasing an additional 55 shares during the period. Finally, Sage Rhino Capital LLC increased its holdings in shares of United Parcel Service by 3.8% during the 2nd quarter. Sage Rhino Capital LLC now owns 1,486 shares of the transportation company’s stock worth $309,000 after purchasing an additional 55 shares during the period. 56.96% of the stock is currently owned by institutional investors.

UPS has been the topic of several research reports. JPMorgan Chase & Co. set a $227.00 price objective on shares of United Parcel Service in a report on Tuesday, October 26th. Raymond James boosted their price objective on shares of United Parcel Service from $240.00 to $260.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 27th. Stifel Nicolaus boosted their price objective on shares of United Parcel Service from $224.00 to $241.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Evercore ISI initiated coverage on shares of United Parcel Service in a report on Tuesday, September 28th. They set an “outperform” rating and a $225.00 price objective on the stock. Finally, Credit Suisse Group lowered their target price on shares of United Parcel Service from $261.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $213.16.

Shares of UPS stock traded down $3.34 during trading hours on Thursday, reaching $208.47. 2,518,700 shares of the company were exchanged, compared to its average volume of 3,202,358. United Parcel Service, Inc. has a fifty-two week low of $154.76 and a fifty-two week high of $220.24. The stock’s fifty day moving average is $198.31 and its two-hundred day moving average is $201.70. The company has a market cap of $181.19 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 1.52 and a beta of 1.11. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.48 and a quick ratio of 1.48.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 26th. The transportation company reported $2.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.16. United Parcel Service had a net margin of 6.92% and a return on equity of 127.98%. The company had revenue of $23.18 billion for the quarter, compared to analyst estimates of $22.57 billion. During the same period in the prior year, the business earned $2.28 earnings per share. United Parcel Service’s quarterly revenue was up 9.2% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 11.58 earnings per share for the current year.

United Parcel Service declared that its Board of Directors has initiated a share buyback program on Thursday, August 5th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 8th. Stockholders of record on Monday, November 22nd will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, November 19th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.96%. United Parcel Service’s payout ratio is 54.99%.

United Parcel Service Profile

United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

Further Reading: Systematic Risk and Investors

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

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