Ceera Investments LLC Increases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Ceera Investments LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 78.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,016 shares of the transportation company’s stock after purchasing an additional 3,080 shares during the period. Ceera Investments LLC’s holdings in United Parcel Service were worth $957,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of UPS. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $28,000. Riverview Trust Co purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $32,000. Centerpoint Advisors LLC lifted its stake in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Tortoise Investment Management LLC increased its position in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the last quarter. Finally, PSI Advisors LLC increased its position in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UPS. Robert W. Baird dropped their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Bank of America increased their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Trading Up 1.1 %

United Parcel Service stock opened at $134.07 on Friday. The company has a market cap of $114.84 billion, a P/E ratio of 20.25, a PEG ratio of 2.20 and a beta of 0.99. The firm’s 50-day moving average is $132.50 and its 200-day moving average is $134.67. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. 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 (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.57 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.86%. United Parcel Service’s payout ratio is 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.