Diversify Wealth Management LLC Has $1.99 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Diversify Wealth Management LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 13.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,142 shares of the transportation company’s stock after purchasing an additional 1,743 shares during the quarter. Diversify Wealth Management LLC’s holdings in United Parcel Service were worth $1,990,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in United Parcel Service by 15,779.6% in 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 purchasing an additional 14,539,321 shares in the last quarter. Clearbridge Investments LLC raised its holdings in United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after buying an additional 406,248 shares during the last quarter. Bank of New York Mellon Corp boosted its position in United Parcel Service by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after buying an additional 20,426 shares during the period. American Century Companies Inc. grew its holdings in United Parcel Service by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after acquiring an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in United Parcel Service by 2.5% in the 1st 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 during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

UPS stock opened at $133.79 on Thursday. The company has a market capitalization of $114.60 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The business has a 50-day simple moving average of $131.24 and a two-hundred day simple moving average of $135.72. 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 (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 7.41 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 98.49%.

Analysts Set New Price Targets

Several analysts recently weighed in on UPS shares. Bank of America boosted 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 note on Friday, October 25th. BMO Capital Markets lowered their price objective on 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. Robert W. Baird reduced their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Oppenheimer raised their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Stephens reduced their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

About United Parcel Service

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.