SCS Capital Management LLC Takes Position in United Parcel Service, Inc. $UPS

SCS Capital Management LLC bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the second quarter, HoldingsChannel.com reports. The fund bought 7,756 shares of the transportation company’s stock, valued at approximately $783,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Evelyn Partners Investment Management Europe Ltd boosted its holdings in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in shares of United Parcel Service in the 2nd quarter worth approximately $26,000. Saudi Central Bank bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $32,000. Flaharty Asset Management LLC acquired a new stake in United Parcel Service in the 1st quarter valued at $33,000. Finally, RMG Wealth Management LLC bought a new stake in United Parcel Service in the second quarter valued at $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Wells Fargo & Company increased their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Citigroup lifted their price target on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Bank of America decreased their price objective on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.00.

United Parcel Service Stock Up 0.1%

Shares of NYSE:UPS opened at $94.88 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm has a market cap of $80.50 billion, a P/E ratio of 14.66, a P/E/G ratio of 2.27 and a beta of 1.11. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $136.99. The company’s 50-day moving average price is $91.02 and its two-hundred day moving average price is $92.59.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same period in the prior year, the business earned $1.76 earnings per share. United Parcel Service’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.9%. United Parcel Service’s dividend payout ratio is currently 101.39%.

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.