Consolidated Planning Corp Buys 415 Shares of United Parcel Service, Inc. (NYSE:UPS)

Consolidated Planning Corp grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,404 shares of the transportation company’s stock after purchasing an additional 415 shares during the period. Consolidated Planning Corp’s holdings in United Parcel Service were worth $2,811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Coston McIsaac & Partners bought a new position in shares of United Parcel Service in the 2nd quarter worth about $26,000. Worth Asset Management LLC bought a new position in shares of United Parcel Service in the first quarter worth approximately $27,000. Winch Advisory Services LLC lifted its stake in shares of United Parcel Service by 334.1% in the second quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company’s stock worth $33,000 after buying an additional 137 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in United Parcel Service during the second quarter valued at approximately $36,000. Finally, WFA of San Diego LLC bought a new position in United Parcel Service during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 58.92% of the company’s stock.

United Parcel Service Trading Down 0.3 %

Shares of UPS opened at $179.99 on Wednesday. United Parcel Service, Inc. has a 1-year low of $154.87 and a 1-year high of $233.72. The company has a 50-day moving average of $179.48 and a 200 day moving average of $180.93. The firm has a market capitalization of $155.68 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.84 and a beta of 1.12. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.39 and a quick ratio of 1.39.

United Parcel Service (NYSE:UPS – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The transportation company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. United Parcel Service had a net margin of 11.07% and a return on equity of 71.90%. The company had revenue of $24.16 billion during the quarter, compared to analyst estimates of $24.34 billion. During the same quarter last year, the business posted $2.71 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts expect that United Parcel Service, Inc. will post 12.91 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Monday, November 14th were given a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Thursday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is 47.65%.

Analyst Upgrades and Downgrades

UPS has been the topic of several recent research reports. Evercore ISI increased their price target on shares of United Parcel Service from $181.00 to $203.00 and gave the stock an “in-line” rating in a research report on Monday, December 19th. Argus cut their target price on shares of United Parcel Service from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. KeyCorp cut their target price on shares of United Parcel Service from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, October 13th. Raymond James lifted their price objective on shares of United Parcel Service from $205.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 26th. Finally, Susquehanna Bancshares lifted their price objective on shares of United Parcel Service from $160.00 to $165.00 in a research note on Wednesday, October 26th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $200.41.

United Parcel Service Profile

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United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.