Nwam LLC Purchases Shares of 168,071 United Parcel Service, Inc. (NYSE:UPS)

Nwam LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, Holdings Channel reports. The firm purchased 168,071 shares of the transportation company’s stock, valued at approximately $22,915,000. United Parcel Service accounts for approximately 1.4% of Nwam LLC’s holdings, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of UPS. TruNorth Capital Management LLC purchased a new stake in United Parcel Service during the second quarter valued at about $28,000. Riverview Trust Co purchased a new stake in United Parcel Service during the second quarter valued at about $32,000. Centerpoint Advisors LLC lifted its holdings in United Parcel Service by 291.7% during the second 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. Princeton Global Asset Management LLC lifted its holdings in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $132.22 on Friday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock’s fifty day simple moving average is $132.83 and its 200-day simple moving average is $134.38. 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 stock has a market capitalization of $112.83 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share 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 during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the company earned $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UPS. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Evercore ISI upped their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Susquehanna increased their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Oppenheimer raised their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company raised their price target on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.52.

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.