International Assets Investment Management LLC Has $1.99 Billion Position in United Parcel Service, Inc. (NYSE:UPS)

International Assets Investment Management LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 15,779.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,631,461 shares of the transportation company’s stock after buying an additional 14,539,321 shares during the period. International Assets Investment Management LLC owned approximately 1.71% of United Parcel Service worth $1,994,853,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UPS. TruNorth Capital Management LLC bought a new stake in United Parcel Service in the second quarter valued at approximately $28,000. Riverview Trust Co bought a new position in United Parcel Service in the second quarter valued at $32,000. Centerpoint Advisors LLC lifted its stake in United Parcel Service by 291.7% in 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 last quarter. Stephens Consulting LLC lifted its stake in shares of United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in shares of United Parcel Service by 168.5% during the 2nd 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. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.1 %

Shares of United Parcel Service stock opened at $131.41 on Thursday. The firm’s 50 day moving average is $130.54 and its 200 day moving average is $136.15. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a market capitalization of $112.56 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the prior year, the business earned $2.54 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.96%. United Parcel Service’s dividend payout ratio is presently 106.36%.

Analysts Set New Price Targets

A number of research firms recently commented on UPS. The Goldman Sachs Group lowered their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Oppenheimer lowered their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Bank of America lowered their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Citigroup began coverage on shares of United Parcel Service in a research report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target on the stock. Finally, UBS Group lowered their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.05.

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.