Grimes & Company Inc. Acquires 5,857 Shares of United Parcel Service, Inc. (NYSE:UPS)

Grimes & Company Inc. lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 141,688 shares of the transportation company’s stock after acquiring an additional 5,857 shares during the quarter. Grimes & Company Inc.’s holdings in United Parcel Service were worth $19,318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Future Financial Wealth Managment LLC acquired a new stake in United Parcel Service during the 1st quarter worth approximately $111,000. Thrive Wealth Management LLC lifted its holdings in United Parcel Service by 4.7% during the 1st quarter. Thrive Wealth Management LLC now owns 4,565 shares of the transportation company’s stock worth $679,000 after purchasing an additional 205 shares during the last quarter. Pasadena Private Wealth LLC acquired a new stake in United Parcel Service during the 1st quarter worth approximately $266,000. Stokes Capital Advisors LLC lifted its holdings in United Parcel Service by 13.9% during the 1st quarter. Stokes Capital Advisors LLC now owns 32,104 shares of the transportation company’s stock worth $4,772,000 after purchasing an additional 3,910 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its holdings in United Parcel Service by 8.3% during the 1st quarter. 180 Wealth Advisors LLC now owns 1,657 shares of the transportation company’s stock worth $246,000 after purchasing an additional 127 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI lifted their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday. TD Cowen initiated coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. UBS Group dropped their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Barclays reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Monday. Finally, Stephens dropped their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $151.05.

United Parcel Service Price Performance

Shares of UPS traded up $10.36 during midday trading on Thursday, hitting $141.77. The company’s stock had a trading volume of 2,367,799 shares, compared to its average volume of 4,171,308. The stock has a market capitalization of $121.44 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company’s fifty day simple moving average is $130.54 and its two-hundred day simple moving average is $136.15.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.60%. United Parcel Service’s dividend payout ratio is currently 106.36%.

United Parcel Service Company 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.