Shum Financial Group Inc. Makes New Investment in United Parcel Service, Inc. (NYSE:UPS)

Shum Financial Group Inc. purchased a new position in United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,971 shares of the transportation company’s stock, valued at approximately $665,000.

A number of other institutional investors have also bought and sold shares of UPS. Coppell Advisory Solutions Corp. bought a new position in shares of United Parcel Service during the 1st quarter valued at about $2,289,000. Comerica Bank boosted its holdings in shares of United Parcel Service by 1.9% during the 1st quarter. Comerica Bank now owns 282,098 shares of the transportation company’s stock valued at $41,928,000 after purchasing an additional 5,167 shares during the last quarter. Beacon Capital Management LLC boosted its holdings in shares of United Parcel Service by 48.4% during the 1st quarter. Beacon Capital Management LLC now owns 1,652 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 539 shares during the last quarter. Vista Investment Partners LLC boosted its holdings in shares of United Parcel Service by 231.9% during the 1st quarter. Vista Investment Partners LLC now owns 11,166 shares of the transportation company’s stock valued at $1,660,000 after purchasing an additional 7,802 shares during the last quarter. Finally, Garner Asset Management Corp boosted its holdings in shares of United Parcel Service by 4.0% during the 1st quarter. Garner Asset Management Corp now owns 9,718 shares of the transportation company’s stock valued at $1,444,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UPS. Citigroup lowered their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Wells Fargo & Company increased their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Evercore ISI increased their price target on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, Susquehanna increased their price target on shares of United Parcel Service from $135.00 to $140.00 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 assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Performance

UPS traded down $2.14 on Tuesday, reaching $135.40. The stock had a trading volume of 292,386 shares, compared to its average volume of 4,144,787. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $133.15 and its two-hundred day moving average price is $134.03. The company has a market cap of $115.55 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

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

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given 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 4.82%. United Parcel Service’s payout ratio is presently 98.49%.

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.