Quintet Private Bank Europe S.A. Buys 1,149 Shares of United Parcel Service, Inc. (NYSE:UPS)

Quintet Private Bank Europe S.A. raised its position in United Parcel Service, Inc. (NYSE:UPS) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,264 shares of the transportation company’s stock after buying an additional 1,149 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in United Parcel Service were worth $2,354,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Norden Group LLC raised its position in United Parcel Service by 32.2% in the first quarter. Norden Group LLC now owns 5,756 shares of the transportation company’s stock valued at $855,000 after purchasing an additional 1,401 shares during the last quarter. Lincoln National Corp raised its stake in United Parcel Service by 12.6% during the 1st quarter. Lincoln National Corp now owns 16,823 shares of the transportation company’s stock worth $2,500,000 after buying an additional 1,887 shares during the period. First Command Advisory Services Inc. grew its position in United Parcel Service by 15.8% in the 1st quarter. First Command Advisory Services Inc. now owns 753 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 103 shares during the period. Mutual Advisors LLC boosted its position in shares of United Parcel Service by 15.8% during the first quarter. Mutual Advisors LLC now owns 14,427 shares of the transportation company’s stock valued at $2,144,000 after buying an additional 1,972 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. boosted its holdings in United Parcel Service by 12.4% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,869 shares of the transportation company’s stock worth $872,000 after purchasing an additional 647 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group increased their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup initiated coverage on United Parcel Service in a research report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. TD Cowen began coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Finally, Oppenheimer raised their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Stock Down 0.3 %

Shares of UPS traded down $0.46 on Monday, hitting $133.59. 362,921 shares of the stock traded hands, compared to its average volume of 4,176,603. The company has a market capitalization of $114.43 billion, a PE ratio of 20.13, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The business has a 50 day simple moving average of $131.51 and a 200 day simple moving average of $135.53.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.88%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

United Parcel Service Company 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.