United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Pavion Blue Capital LLC

by · The Markets Daily

Pavion Blue Capital LLC grew its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,029 shares of the transportation company’s stock after buying an additional 469 shares during the quarter. United Parcel Service accounts for about 1.7% of Pavion Blue Capital LLC’s portfolio, making the stock its 20th largest holding. Pavion Blue Capital LLC’s holdings in United Parcel Service were worth $3,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC raised 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 during the period. 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 worth $991,556,000 after purchasing an additional 406,248 shares during the period. Bank of New York Mellon Corp raised its holdings in United Parcel Service by 0.3% in 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 purchasing an additional 20,426 shares during the period. American Century Companies Inc. raised its holdings in United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after purchasing an additional 393,434 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings 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 worth $611,445,000 after purchasing an additional 101,349 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.6 %

UPS opened at $137.47 on Friday. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The stock has a market capitalization of $117.75 billion, a PE ratio of 22.43, a P/E/G ratio of 1.93 and a beta of 0.99. The business’s 50 day moving average price is $130.73 and its 200 day moving average price is $136.17. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

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

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 106.36%.

Analyst Ratings Changes

A number of research firms recently weighed in on UPS. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Stephens cut their price objective on 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. UBS Group boosted their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird cut their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, TD Cowen assumed coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $151.43.

Get Our Latest Analysis on United Parcel Service

United Parcel Service Company 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.

Read More