Goldstone Financial Group LLC Acquires New Position in United Parcel Service, Inc. (NYSE:UPS)

Goldstone Financial Group LLC bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 9,628 shares of the transportation company’s stock, valued at approximately $1,313,000.

A number of other large investors have also modified their holdings of the business. Blackston Financial Advisory Group LLC lifted its position in shares of United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares during the period. Cornerstone Wealth Management LLC increased its position in United Parcel Service by 0.9% during the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after buying an additional 73 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after acquiring an additional 73 shares during the last quarter. Gleason Group Inc. lifted its position in shares of United Parcel Service by 1.2% in the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after acquiring an additional 77 shares in the last quarter. Finally, Rogco LP boosted its stake in shares of United Parcel Service by 1.9% during the first quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock valued at $625,000 after acquiring an additional 78 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

United Parcel Service stock opened at $133.79 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average of $131.24 and a 200-day moving average of $135.72. The stock has a market cap of $114.60 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.57 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.41 EPS 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 paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.87%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UPS. Wells Fargo & Company upped their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Susquehanna lifted their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average price target of $151.71.

About United Parcel Service

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.