Cerity Partners LLC Increases Stock Holdings in United Parcel Service, Inc. $UPS

Cerity Partners LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 521,361 shares of the transportation company’s stock after acquiring an additional 113,365 shares during the period. Cerity Partners LLC’s holdings in United Parcel Service were worth $51,714,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Shrier Wealth Management LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $1,099,000. Victory Capital Management Inc. increased its holdings in United Parcel Service by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock worth $667,109,000 after purchasing an additional 761,217 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its holdings in United Parcel Service by 192.7% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock worth $1,957,000 after purchasing an additional 12,993 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in United Parcel Service by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after purchasing an additional 65,652 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in United Parcel Service by 4.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 435,126 shares of the transportation company’s stock worth $43,160,000 after purchasing an additional 16,764 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $107.85 on Wednesday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $91.68 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05. The business has a 50 day simple moving average of $102.65 and a 200-day simple moving average of $103.84.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the business earned $1.49 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Monday, May 18th. United Parcel Service’s payout ratio is 106.15%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UPS shares. UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Evercore dropped their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Susquehanna lifted their price objective on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Citigroup lifted their price objective on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $111.50.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.