First Long Island Investors LLC Has $15.65 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

by · The Cerbat Gem

First Long Island Investors LLC trimmed its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 0.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,808 shares of the transportation company’s stock after selling 614 shares during the quarter. First Long Island Investors LLC’s holdings in United Parcel Service were worth $15,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in shares of United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after buying an additional 1,620,091 shares during the period. Natixis purchased a new position in United Parcel Service in the first quarter valued at about $121,000. Cohen Investment Advisors LLC grew its stake in United Parcel Service by 26.4% in the third quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock valued at $2,503,000 after purchasing an additional 3,835 shares in the last quarter. Financial Partners Group LLC raised its stake in shares of United Parcel Service by 23.9% during the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after purchasing an additional 5,069 shares in the last quarter. Finally, Weaver C. Barksdale & Associates Inc. raised its stake in shares of United Parcel Service by 71.8% during the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 14,530 shares of the transportation company’s stock worth $1,988,000 after purchasing an additional 6,073 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. Wells Fargo & Company increased their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Stephens reduced their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Oppenheimer increased their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Evercore ISI boosted their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

Get Our Latest Analysis on UPS

United Parcel Service Stock Performance

Shares of UPS traded up $0.48 during trading hours on Friday, reaching $133.12. 621,404 shares of the company traded hands, compared to its average volume of 4,157,167. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s fifty day moving average is $132.37 and its 200 day moving average is $134.86. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The stock has a market cap of $114.03 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99.

United Parcel Service (NYSE:UPS – Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 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 firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

United Parcel Service Profile

(Free Report)

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.

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