NorthCrest Asset Manangement LLC Raises Holdings in United Parcel Service, Inc. $UPS

NorthCrest Asset Manangement LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 100.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,591 shares of the transportation company’s stock after buying an additional 7,296 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in United Parcel Service were worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. BLVD Private Wealth LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $1,479,000. Strategic Planning Inc. bought a new position in shares of United Parcel Service during the third quarter worth $3,885,000. J.W. Cole Advisors Inc. grew its stake in United Parcel Service by 2.0% during the second quarter. J.W. Cole Advisors Inc. now owns 182,836 shares of the transportation company’s stock valued at $18,455,000 after acquiring an additional 3,516 shares in the last quarter. Victory Capital Management Inc. increased its holdings in United Parcel Service by 10.5% in the 3rd quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after acquiring an additional 761,217 shares during the last quarter. Finally, World Investment Advisors increased its holdings in United Parcel Service by 260.4% in the 3rd quarter. World Investment Advisors now owns 78,577 shares of the transportation company’s stock valued at $6,564,000 after acquiring an additional 56,772 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UPS shares. Wolfe Research reissued a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Stifel Nicolaus lifted their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Citigroup cut their price objective on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. TD Cowen increased their target price on shares of United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane lowered shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $113.67.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $97.76 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. The stock’s fifty day moving average is $108.98 and its two-hundred day moving average is $98.48. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company has a market capitalization of $83.01 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The business had revenue of $24.48 billion for the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is 100.00%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

United Parcel Service Company 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.