Thurston Springer Miller Herd & Titak Inc. Purchases 292 Shares of United Parcel Service, Inc. (NYSE:UPS)

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,163 shares of the transportation company’s stock after purchasing an additional 292 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in United Parcel Service were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its position in shares of United Parcel Service by 6.5% during the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after buying an additional 406,248 shares during the period. Bank of New York Mellon Corp increased its stake in United Parcel Service by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after purchasing an additional 20,426 shares in the last quarter. American Century Companies Inc. increased its stake in United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after purchasing an additional 393,434 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in United Parcel Service by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after purchasing an additional 101,349 shares during the period. Finally, Capital World Investors boosted its position in shares of United Parcel Service by 9.6% during the first quarter. Capital World Investors now owns 3,011,299 shares of the transportation company’s stock worth $447,569,000 after purchasing an additional 263,313 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

NYSE UPS opened at $134.57 on Tuesday. The stock has a market cap of $115.27 billion, a PE ratio of 21.95, a P/E/G ratio of 1.95 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50-day moving average of $129.39 and a 200-day moving average of $136.86. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the business earned $2.54 earnings per share. The company’s revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is 106.36%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America reduced their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. The Goldman Sachs Group cut their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. TD Cowen began 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 on the stock. Finally, Stifel Nicolaus reduced their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.24.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

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.