United Parcel Service, Inc. (NYSE:UPS) Stake Boosted by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 14,624 shares of the transportation company’s stock after acquiring an additional 275 shares during the period. Citizens Financial Group Inc. RI’s holdings in United Parcel Service were worth $1,994,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth about $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the 2nd quarter worth $32,000. Centerpoint Advisors LLC boosted 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 acquiring an additional 175 shares during the period. Tortoise Investment Management LLC lifted its holdings in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the last quarter. Finally, PSI Advisors LLC raised its stake in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI lifted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Oppenheimer increased their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Bank of America lifted their price target on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Stock Down 0.6 %

Shares of NYSE UPS opened at $131.35 on Friday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock has a market cap of $112.09 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50 day moving average price of $132.83 and a 200 day moving average price of $134.38.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. Analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. United Parcel Service’s payout ratio is 98.49%.

United Parcel Service Company 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.