9,775 Shares in United Parcel Service, Inc. $UPS Bought by MBL Wealth LLC

MBL Wealth LLC acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, HoldingsChannel reports. The fund acquired 9,775 shares of the transportation company’s stock, valued at approximately $817,000.

Several other hedge funds also recently bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd grew its stake in shares of United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at $26,000. Saudi Central Bank bought a new stake in United Parcel Service in the first quarter worth $32,000. Flaharty Asset Management LLC acquired a new stake in shares of United Parcel Service in the first quarter worth about $33,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of United Parcel Service during the 2nd quarter worth about $34,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.4%

UPS opened at $100.58 on Friday. The company has a market capitalization of $85.33 billion, a P/E ratio of 15.54, a P/E/G ratio of 2.40 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s fifty day moving average price is $95.27 and its two-hundred day moving average price is $92.91. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio is currently 101.39%.

Analysts Set New Price Targets

UPS has been the subject of a number of recent analyst reports. Stephens raised United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Wells Fargo & Company raised their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Bank of America cut their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Finally, Susquehanna lifted their price target on United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $110.09.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.