Waters Parkerson & CO. LLC Has $2.61 Million Holdings in United Parcel Service, Inc. $UPS

by · The Markets Daily

Waters Parkerson & CO. LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 65.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,286 shares of the transportation company’s stock after selling 58,427 shares during the period. Waters Parkerson & CO. LLC’s holdings in United Parcel Service were worth $2,613,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Evelyn Partners Investment Management Europe Ltd raised 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 purchasing an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service during the second quarter worth about $26,000. Salzhauer Michael bought a new position in shares of United Parcel Service during the third quarter worth about $31,000. RMG Wealth Management LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at approximately $34,000. Finally, FNY Investment Advisers LLC bought a new stake in United Parcel Service in the 2nd quarter valued at approximately $34,000. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research report on Thursday, January 8th. Stifel Nicolaus increased their target price on shares of United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Stephens raised shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. UBS Group lifted their price target on shares of United Parcel Service from $113.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of United Parcel Service from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average target price of $111.42.

Get Our Latest Stock Report on UPS

United Parcel Service Stock Down 1.6%

Shares of UPS stock opened at $106.89 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50-day moving average is $99.20 and its 200-day moving average is $93.32. The stock has a market cap of $90.68 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 2.36 and a beta of 1.11. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $136.99.

United Parcel Service (NYSE:UPS – Get Free Report) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.43. The business 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%. United Parcel Service’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the business posted $1.76 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio is 101.39%.

About United Parcel Service

(Free Report)

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.

Featured Stories