Thrivent Financial for Lutherans Buys 297 Shares of United Parcel Service, Inc. (NYSE:UPS)

Thrivent Financial for Lutherans lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,379,666 shares of the transportation company’s stock after purchasing an additional 297 shares during the period. Thrivent Financial for Lutherans owned 0.16% of United Parcel Service worth $188,104,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UPS. International Assets Investment Management LLC lifted its position in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after buying an additional 14,539,321 shares during the last quarter. Clearbridge Investments LLC raised its stake in United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after acquiring an additional 406,248 shares during the period. Bank of New York Mellon Corp lifted its holdings in United Parcel Service by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after purchasing an additional 20,426 shares during the last quarter. American Century Companies Inc. boosted its position in United Parcel Service by 10.5% during the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after purchasing an additional 393,434 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of United Parcel Service by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after purchasing an additional 101,349 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UPS shares. Citigroup dropped their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Oppenheimer increased their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. UBS Group lifted their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Up 1.1 %

Shares of NYSE:UPS opened at $134.07 on Friday. The firm has a market capitalization of $114.84 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The firm has a fifty day moving average of $132.50 and a 200 day moving average of $134.67.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

United Parcel Service Profile

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.