Pathway Financial Advisers LLC Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

by · The Cerbat Gem

Pathway Financial Advisers LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,126 shares of the transportation company’s stock after acquiring an additional 1,207 shares during the period. Pathway Financial Advisers LLC’s holdings in United Parcel Service were worth $2,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. NorthCrest Asset Manangement LLC increased its stake in United Parcel Service by 1.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 88,145 shares of the transportation company’s stock worth $12,018,000 after buying an additional 1,380 shares in the last quarter. Forsta AP Fonden boosted its stake in United Parcel Service by 12.1% in the 3rd quarter. Forsta AP Fonden now owns 171,600 shares of the transportation company’s stock worth $23,396,000 after purchasing an additional 18,500 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of United Parcel Service by 17.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 502,635 shares of the transportation company’s stock valued at $67,484,000 after buying an additional 75,945 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of United Parcel Service by 2.3% in the third quarter. Allworth Financial LP now owns 140,851 shares of the transportation company’s stock worth $19,204,000 after buying an additional 3,200 shares in the last quarter. Finally, Cromwell Holdings LLC grew its stake in United Parcel Service by 23.7% during the third quarter. Cromwell Holdings LLC now owns 2,000 shares of the transportation company’s stock valued at $273,000 after acquiring an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

UPS stock traded down $0.92 during trading on Friday, hitting $137.43. 4,916,651 shares of the company traded hands, compared to its average volume of 4,221,229. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The company has a market cap of $117.72 billion, a PE ratio of 22.43, a P/E/G ratio of 1.93 and a beta of 0.99. The stock’s 50-day simple moving average is $130.89 and its 200 day simple moving average is $136.08. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.65 by $0.11. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $1.57 earnings per share. On average, equities analysts expect that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is 106.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stephens reduced their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Wells Fargo & Company upped their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Oppenheimer reduced their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Barclays reissued an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Finally, The Goldman Sachs Group reduced their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.43.

Get Our Latest Stock Report on United Parcel Service

About United Parcel Service

(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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