United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 16.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,601 shares of the transportation company’s stock after buying an additional 507 shares during the period. Shepherd Financial Partners LLC’s holdings in United Parcel Service were worth $491,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UPS. International Assets Investment Management LLC increased its position in United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares during the period. Marshall Wace LLP increased its holdings in shares of United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after purchasing an additional 1,901,914 shares during the period. Spirepoint Private Client LLC acquired a new position in shares of United Parcel Service during the first quarter valued at $160,787,000. Assenagon Asset Management S.A. increased its holdings in shares of United Parcel Service by 5,136.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after purchasing an additional 1,059,339 shares during the period. Finally, Interval Partners LP acquired a new position in shares of United Parcel Service during the first quarter valued at $90,099,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Down 0.0 %

Shares of NYSE UPS opened at $134.05 on Friday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The firm has a market capitalization of $114.82 billion, a PE ratio of 20.25, a PEG ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $131.51 and a two-hundred day moving average price of $135.63.

United Parcel Service (NYSE:UPS) last announced 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. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the company posted $1.57 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.47 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, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. United Parcel Service’s payout ratio is presently 98.49%.

Analysts Set New Price Targets

UPS has been the topic of a number of research analyst reports. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. BMO Capital Markets lowered their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group lowered their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Citigroup assumed coverage on United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

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.