CapWealth Advisors LLC Increases Position in United Parcel Service, Inc. (UPS)

CapWealth Advisors LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,595 shares of the transportation company’s stock after acquiring an additional 2,770 shares during the quarter. United Parcel Service comprises approximately 1.5% of CapWealth Advisors LLC’s holdings, making the stock its 28th largest holding. CapWealth Advisors LLC’s holdings in United Parcel Service were worth $8,942,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UPS. BlackRock Inc. increased its holdings in United Parcel Service by 0.3% in the 3rd quarter. BlackRock Inc. now owns 42,454,730 shares of the transportation company’s stock valued at $4,956,590,000 after buying an additional 139,134 shares during the period. FMR LLC increased its holdings in United Parcel Service by 5.2% in the 3rd quarter. FMR LLC now owns 11,152,212 shares of the transportation company’s stock valued at $1,302,020,000 after buying an additional 547,718 shares during the period. Parnassus Investments CA increased its holdings in United Parcel Service by 0.8% in the 2nd quarter. Parnassus Investments CA now owns 6,839,746 shares of the transportation company’s stock valued at $726,586,000 after buying an additional 56,443 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in United Parcel Service by 2.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,309,401 shares of the transportation company’s stock valued at $457,788,000 after buying an additional 121,264 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in United Parcel Service by 2.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,425,771 shares of the transportation company’s stock valued at $399,959,000 after buying an additional 74,219 shares during the period. 54.07% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on UPS shares. UBS Group lowered their price target on shares of United Parcel Service from $137.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Citigroup lowered their price target on shares of United Parcel Service from $134.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Raymond James lowered their price target on shares of United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 25th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and set a $128.00 price target on the stock in a report on Monday, October 1st. Finally, Berenberg Bank started coverage on shares of United Parcel Service in a report on Friday, September 21st. They issued a “hold” rating and a $125.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and an average price target of $125.33.

UPS opened at $106.77 on Thursday. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a twelve month low of $101.45 and a twelve month high of $135.53. The stock has a market capitalization of $99.06 billion, a PE ratio of 17.77, a PEG ratio of 1.72 and a beta of 1.15.

United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.82. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The business had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.48 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Monday, November 19th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $3.64 annualized dividend and a yield of 3.41%. United Parcel Service’s dividend payout ratio (DPR) is 60.57%.

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United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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