AM Investment Strategies LLC Increases Stock Position in United Parcel Service, Inc. $UPS

AM Investment Strategies LLC increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 56.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,814 shares of the transportation company’s stock after purchasing an additional 12,241 shares during the period. United Parcel Service accounts for 0.6% of AM Investment Strategies LLC’s investment portfolio, making the stock its 27th largest holding. AM Investment Strategies LLC’s holdings in United Parcel Service were worth $2,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of UPS. Vanguard Group Inc. grew its position in shares of United Parcel Service by 1.2% in the second quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock valued at $6,753,405,000 after purchasing an additional 768,912 shares in the last quarter. State Street Corp lifted its holdings in United Parcel Service by 1.5% during the 2nd quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock worth $3,106,381,000 after purchasing an additional 444,384 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 3.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after purchasing an additional 746,667 shares during the period. Geode Capital Management LLC grew its holdings in United Parcel Service by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock valued at $1,675,733,000 after buying an additional 762,407 shares in the last quarter. Finally, Norges Bank purchased a new position in United Parcel Service during the 2nd quarter valued at about $851,842,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.3%

Shares of UPS stock opened at $106.55 on Wednesday. The business has a 50-day moving average price of $99.71 and a two-hundred day moving average price of $93.19. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $136.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm has a market cap of $90.39 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The company had revenue of $21.42 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm posted $1.76 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, November 17th. United Parcel Service’s payout ratio is presently 101.39%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BNP Paribas downgraded shares of United Parcel Service from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Stifel Nicolaus upped their target price on shares of United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. UBS Group increased their target price on shares of United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Wells Fargo & Company raised their price target on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.73.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.