United Parcel Service, Inc. $UPS Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 429,440 shares of the transportation company’s stock after purchasing an additional 5,505 shares during the period. Cerity Partners LLC’s holdings in United Parcel Service were worth $43,348,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in United Parcel Service by 3.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 4,616 shares of the transportation company’s stock valued at $508,000 after acquiring an additional 144 shares during the period. AlphaCore Capital LLC acquired a new stake in United Parcel Service during the 1st quarter valued at approximately $49,000. Invesco Ltd. boosted its holdings in shares of United Parcel Service by 8.8% in the 1st quarter. Invesco Ltd. now owns 3,941,337 shares of the transportation company’s stock valued at $433,508,000 after acquiring an additional 317,472 shares during the last quarter. Finally, Harvest Investment Advisors LLC increased its stake in shares of United Parcel Service by 27.0% in the first quarter. Harvest Investment Advisors LLC now owns 14,632 shares of the transportation company’s stock worth $1,609,000 after acquiring an additional 3,107 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent research reports. Citigroup raised their target price on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. JPMorgan Chase & Co. lifted their price objective on United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Susquehanna upped their target price on United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Stephens raised United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $110.00.

United Parcel Service Trading Up 0.1%

Shares of United Parcel Service stock opened at $94.88 on Monday. The firm has a 50-day simple moving average of $91.02 and a two-hundred day simple moving average of $92.57. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The company has a market cap of $80.50 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 2.27 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. The firm had revenue of $21.42 billion during the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.United Parcel Service’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.9%. United Parcel Service’s payout ratio is 101.39%.

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.