MeadowBrook Investment Advisors LLC Raises Position in United Parcel Service, Inc. (NYSE:UPS)

MeadowBrook Investment Advisors LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 239.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,609 shares of the transportation company’s stock after buying an additional 1,840 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in United Parcel Service were worth $356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its position in 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 worth $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Clearbridge Investments LLC grew its position in United Parcel Service by 6.5% in the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after acquiring an additional 406,248 shares during the period. Bank of New York Mellon Corp lifted its stake 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 worth $888,254,000 after purchasing an additional 20,426 shares in the last quarter. American Century Companies Inc. raised its stake in shares of United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock valued at $567,157,000 after acquiring an additional 393,434 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised 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 valued at $611,445,000 after acquiring an additional 101,349 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research reports. Stifel Nicolaus raised their price target on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. BMO Capital Markets reduced their price target 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. Wells Fargo & Company lifted their price objective on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Susquehanna lifted their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Two equities 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Performance

United Parcel Service stock traded down $0.55 during mid-day trading on Thursday, reaching $133.13. The company had a trading volume of 513,747 shares, compared to its average volume of 4,162,045. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a 50 day moving average of $132.27 and a 200-day moving average of $134.88. The firm has a market cap of $114.04 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.14 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.90%. 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.